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Gold rises as investors head to safe havens

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Spot gold edges up ahead of Donald Trump’s news conference over China’s new Hong Kong law

29 May 2020 - 07:41Senior refinery technician Vincente Sandoval puts a gold ‘button’ into a furnace to be further refined to form gold doré bars at Newmont Mining’s Carlin gold mine operation near Elko, Nevada, the US. Picture: REUTERS/RICK WILKING/FILE PHOTO

US President Donald Trump’s top economic adviser warned that Hong Kong, which has enjoyed special privileges, may now need to be treated like China when it comes to trade and other financial matters.US jobless claims dropped for the eight straight time last week, but remained at high levels implying it could take a while for the economy to recover, data showed.

 

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