Gold rose on Thursday (06/05) in Asian trading, holding gains, after weaker-than-expected US data reinforced expectations that the Federal Reserve will cut interest rates at least twice this year to stave off a recession.
Meanwhile, concerns about worsening tensions between the US and some of its major trading partners resurfaced after President Donald Trump doubled tariffs on steel and aluminum to 50%. Separately, he called his Chinese counterpart Xi Jinping "very difficult to make a deal with".
Source: Newsmaker.id
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