Gold rose early in Asia (30/05) after a federal appeals court offered Trump a temporary reprieve from a ruling that threatens to throw out much of his tariff agenda. A weaker dollar also helped, driven by rising fiscal risks and renewed political pressure on the Federal Reserve to cut interest rates.
Disappointing data on Thursday showed the U.S. economy shrank at the start of the year, due to weaker consumer spending and a bigger impact from the trade war than previously reported.
Meanwhile, tensions with China resurfaced this week after the government announced it would begin revoking visas for Chinese students, while also introducing new restrictions on the sale of chip design software that drew a sharp rebuke from Beijing.
Source: Newsmaker.id -ayu
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