TOKYO -- Gold prices marked a third straight trading day of record highs Monday, rising in particular during Asian trading hours as investors in mainland China flocked to a "stateless" asset seen as relatively safe amid rising tensions with the U.S.
Trade friction drives investors away from traditional safe haven Treasurys
Spot demand for gold as a safe haven among Chinese buyers pushed up prices to new highs in April. © Reuters
TOKYO -- Gold prices marked a third straight trading day of record highs Monday, rising in particular during Asian trading hours as investors in mainland China flocked to a "stateless" asset seen as relatively safe amid rising tensions with the U.S.