Gold experience an increase in the Asia market with investor drifting to the more safe-haven asset as the tension between US and China grew over the weekend.
The US President Donald Trump threatened to end Hong Kong’s special trade status in response to China’s national security laws for Hong Kong and Macau on Friday, specifics were not provided.
Gold futures were up 0.33% at $ 1,757.50 at the early hours of today.
U.S. Federal Reserve Chair Jerome Powell further decreased investors’ risk appetites when he indicated on Friday that economic recovery from the impact of COVID-19 could be derailed if there is a surge in the number of U.S. case.