Gold prices rose to hit over seven-month high on Tuesday as earnings concerns as well as fresh U.S.-China tensions sapped investors' appetite for risk.
Spot gold rose 0.4 percent to $1,307.79 while U.S. gold futures were up 0.25 percent at $1,306.35 per ounce.
The corporate earnings picture is looking bleaker for 2019 amid escalating U.S.-China trade tensions.
After the U.S. Justice Department charged Chinese tech giant Huawei with bank fraud and conspiring to steal trade secrets, investors remain wary of possible negative impact on trade talks.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.