Gold Prices Near Session Highs as Geopolitical Tensions Steady Safe-Haven Demand
Commodity Alert: Gold Prices Near Session Highs as Geopolitical Tensions Steady Safe-Haven Demand
White House Press Secretary Sarah Sanders confirmed Tuesday that President Trump will not attend the 8th Summit of the Americas in Lima, Peru or travel to Bogota, Colombia as originally scheduled but “will remain in the United States to oversee the American response to Syria.” This comes a day after Trump said during a meeting with military leaders that he was preparing a response to reports of an alleged chemical weapons attack in Syria. “We have a lot of options, militarily. And we'll be letting you know soon," Trump told reports on Monday. The prospect of a U.S. military response in Syria steadied demand for safe-haven gold amid easing trade-war fears after China’s president Xi Jinping adopted a re conciliatory tone on tariffs overnight Tuesday.