Asian stocks drop, gold rises in risk-off start to week
[hfe_template id='11223']
[ad_1]
Asian shares dropped along with US stock-index futures as trade tensions dialed up, prompting investors to hold back on taking risky bets. Gold rose in demand for safe haven assets. Indexes in Japan and Australia opened lower. US equity-index futures slipped 0.3% after President Donald Trump ratcheted up trade tensions saying he would double tariffs on steel and aluminum imports and accusing China of violating an agreement with the US to ease tariffs. Treasuries dropped, with the yield on the 10-year rising 1 basis point. Gold advanced 0.7% after retreating last week. A gauge of the dollar edged lower after China urged the US to safeguard the consensus reached in the talks with the US in Geneva. The yen strengthened. Crude oil climbed even after OPEC+ agreed to lift output by less than some investors had expected. Tariff headlines are once again dominating markets after a legal back-and-forth last week on the status of Trump’s century-hig...