Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
* SPDR gold holdings at lowest since Oct. 11
* Asian shares near 5-wk low (Adds details, comments and updates prices)
May 7 (Reuters) - Gold prices rose on Tuesday as U.S. President Donald Trump's threat to hike tariffs on Chinese imports re-kindled trade tensions between the two countries and pushed investors to seek insurance in safe-haven assets.
Spot gold was up 0.2 percent at $1,282.50 per ounce as of 0320 GMT.
U.S. gold futures were unchanged at $1,283.90 an ounce.
On Sunday, self proclaimed "tariff-man" Trump warned of a tariff hike on Chinese goods, marking a drastic change in stance from the previous week where he lauded progress made between the two countries regarding trade.
Risk sentiment was dealt a blow on the news with Asian shares wallowing near a five-week low, providing impetus to gold, which is used by investors to hedge against economic and political instability.
"There are significant catalysts for gold with the escalations on the trade-war front yesterday, but it is surprising we have not seen a significant follow through," said Stephen Innes, head of trading and market strategy, SPI Asset Management.
Adding to global anxiety, the Trump administration is deploying a carrier strike group and bombers to the Middle East in response to troubling "indications and warnings" from Iran, widening the rift between the two countries.
"Some are also focusing on the tensions in the Middle East and the two catalysts are sufficient enough to hold prices but there is a general reluctance to push prices higher over $1,285," Innes added.
However, a Sino-U.S. trade deal is still not off the table with Beijing confirming that it will still send a delegation to go to the United States for a trade talk.
"Gold did not deliver a substantial gain following the Trump tariff threat and (gold) markets may see bearish momentum accelerate if we do see a positive outcome with the talks in Washington this week," OANDA senior market analyst Edward Moya said in a note.
A faction of the market still expect both U.S. and China to find common ground and believe that Trump's tariff threat is likely a negotiation tactic.
Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, continued a dismal run, falling 0.16 percent to 739.64 tonnes on Monday, its lowest since Oct. 11.
Elsewhere, silver edged 0.1 percent higher at $14.91 an ounce, while platinum gained 1 percent, to $881.22 its highest in nearly a week.
Palladium rose 0.5 percent to $1,344.11 an ounce. (Reporting by Arijit Bose in Bengaluru; editing by Uttaresh.V and Rashmi Aich)