India, May 19 -- Gold prices rose more than 1 percent in European trading as trade and U.S. debt concerns revived safe haven demand for the previous metal.
Spot gold jumped 1.1 percent to $3,238.46 per ounce in European trade while U.S. gold futures were up 1.7 percent at $3,241.84.
China has slapped duties of up to 75 percent on imports of plastics from the U.S., EU, Taiwan and Japan, signaling that trade tensions remain far from resolved.
Under the new ruling, U.S. suppliers face the steepest duty at 74.9 percent while European producers will be subject to a 34.5 percent tariff.
Elsewhere, U.S. Treasury Secretary Scott Bessent told CNN News on Sunday that tariff rates will soon return to a "reciprocal" level if countries don't reach t...