China said it would impose sanctions on 11 U.S. citizens, including Republican Sens. Ted Cruz and Marco Rubio.
“Gold is higher on the China news enhancing new buying after profit-taking last Friday,” wrote Peter Cardillo, chief market economist at Spartan Capital Securities
December gold GCZ20, 0.93% GC00, 0.93% was up $13.20, or 0.7%, at $2,041.20 an ounce, after the metal lost 2% on Friday, cutting into its weekly gain of 2.1%. The commodity has gained for nine consecutive weeks, marking its longest such streak since the period ended May 12, 2006.
https://www.marketwatch.com/story/gold-rises-as-china-us-tensions-seen-escalating-2020-08-10
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