News Snapshot:
0 Leonhard Foeger | Reuters Gold prices rose to an all-time high Friday as investors sought safety in the precious metal amid rising U.S.-China tensions and lingering fears over the coronavirus pandemic. The metal’s August futures contract rose 0.4% to settle at $1,897.50 per ounce, according to data from the CME Group. This also marked gold’s sixth straight day of gains. Gold also notched a seven-week winning streak. Tensions between China and the U.S. rose this week. Overnight, China ordered the U.S. to close its Chengdu-based consulate. Earlier this week, the U.S. had a Houston-based Chinese consulate closed. “US-China tensions...
