Learn about the impact of the war on gold, oil and equities
The renewed trade war between the US and China led to the consolidation of gold prices on Friday to reach $ 1284 an ounce, up about 0.4% a week. US gold futures also held steady at $ 1285 an ounce, while oil prices reduced their gains due to the trade dispute Between the world's two largest economies and the largest oil consumer.
On the equity level, Bank of America Merrill Lynch said global equities recorded a $ 20.5 billion inflow last week as the "shock of the trade agreement" caused more money to be paid to the bonds, in the latest sign of how it caused Global trade tensions have caused turbulence in financial markets, and the Japanese Nikkei index suffered the biggest weekly loss in more than four months.
US President Donald Trump's tariff increase on Chinese goods worth 200 billion dollars to 25 percent went into effect on Friday, and Beijing said it would respond, exacerbating tensions as the two sides hold talks in a last-ditch attempt to salvage a trade deal.
Senior US and Chinese trade negotiators wrapped up the first day of two-day talks to salvage a trade deal on the brink of collapse as Washington went ahead with plans to raise tariffs on goods imported from China worth hundreds of billions of dollars.
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