Gold is stable at a positive level to start the Asian trading session on Wednesday (5/2). This is supported by the opening attack of the US-China trade war triggering demand for safe haven assets.
A weaker dollar makes gold cheaper for many buyers with losses increasing after the US jobs report showed a gradual slowdown in the labor market. China's response has been relatively calm compared to Trump's first term, when Beijing retaliated with tariffs that were almost equivalent to the US, but there are still many concerns about the impact on the world's two largest economies.
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