Gold has risen to a record high as investors are flocking to safe-haven assets, as concerns over the trade war between Washington and Beijing deepen.
It comes after Asian stocks slid on Friday, with the Nikkei tumbling by more than 4%, according to BBC.
US stocks slumped on Thursday, wiping out a chunk of Wednesday’s historic rally
The White House had earlier on Thursday said China faced a tariff rate of 145%, clarifying that China also faced a 20% pre-existing levy over fentanyl
Despite this, Trump said he was still hoping to secure a deal with Beijing, saying they would “end up working something out that’s very good for both countries”