The escalating trade war between Washington and Beijing dominated discussions at the G-7 gathering in France.Politicsread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
Neither the U.S. nor China wants to be seen as the party that derailed trade talks, says William Reinsch of Center for Strategic and International Studies.World Economyread more
China said Friday it will be resuming 25% duties on U.S. autos, and a further 5% on auto parts and components.Asia Marketsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Megvii is known for its facial recognition technology and while revenue grew over 350% in 2018, its losses have widened.Technologyread more
Stocks in Asia fell Monday afternoon following an escalation in the U.S.-China trade war late last week.Asia Marketsread more
Gold rose for the fourth straight session and hit its highest since mid-May on Monday, driven by rising investor risk aversion before central bank meetings this week and Britain's June 23 vote on whether to leave the European Union.
The pound fell to a two-month low against the dollar, pushing gold denominated in sterling to its highest in nearly three years at 909.83 pounds an ounce, up 1.9 percent.
was up 0.79 percent at $1,284.01 an ounce, off an earlier peak of $1,287. U.S. gold futures for August delivery settled up 0.9 percent at $1,286.90 an ounce.
Fading expectations for a U.S. Federal Reserve rate hike have driven prices sharply higher so far this month. Gold has rallied 6 percent since U.S. payrolls data for May came in weaker than expected on June 3, crushing expectations for an interest rate hike over the summer.
"Following the labor market report a Fed rate hike has been priced out for June and July, and at the same time it seems as if odds for the UK to leave the European Union have come back up again," Danske Bank analyst Jens Pedersen said. "Those two factors are benefiting gold."
Fears Britain is on the verge of voting to leave the European Union next week spread through global financial markets on Monday, sending global stock markets lower. The dollar fell 0.22 percent against a basket of major currencies.
"Gold has fluctuated in line with the Brexit opinion polls, even dislocating it from its usual primary link with the U.S. dollar," Citi said in a note on Monday.
UBS Chief Investment Office Wealth Management Research said in a note that it has gone overweight platinum and underweight gold, each by 2 percent. It said it is capitalizing on firmer industrial activity in platinum while eyeing negative short-term catalysts for gold, such as the market's "overly pessimistic" pricing of U.S. rates and expectations for the U.S. dollar weakness to reverse.
On Friday, holdings in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, rose to the highest since October 2013.
Among other precious metals, futures were up 0.58 percent at $17.43 an ounce, while was down 0.2 percent at $992 an ounce and was 0.71 percent lower at $542.10 per ounce.