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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.