Gold prices recovered as hopes of a Sin-U.S. trade deal diminished once again after U.S. President Donald Trump signed legislation in support of Hong Kong protestors.
On Wednesday, Trump signed the Hong Kong Human Rights and Democracy Act into law.According to the bill, the State Department would be required to certify once a year that Hong Kong is sufficiently autonomous to retain its special US trading consideration. He also signed another bill banning the sale of munitions like tear gas and rubber bullets to Hong Kong police.
In response, Beijing warned that it would take “firm counter measure,”
It released a statement hours after the signing and told the U.S. to not underestimate China’s capabilities and strategies to protect its sovereignty, safety, growth and rights.
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