Gold firms as US-China trade dispute worsens ahead of talks

Gold prices firmed on Wednesday as tensions between the United States and China ratcheted up ahead of crucial trade talks later this week, sapping risk appetite, while concerns over Brexit added to bullion’s safe haven appeal.

Asian stocks fell the most in a week, with MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.3 per cent.

Ahead of trade talks later this week, the US government widened its trade blacklist to include some of China’s top artificial intelligence startups, punishing Beijing for its treatment of Muslim minorities and ratcheting up tensions.

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