US-China trade uncertainty continues to benefit traditional safe-haven assets. A subdued USD demand/falling US bond yields remain supportive of the uptick. Gold prices edged higher through the early European session on Tuesday and touched a fresh intraday high level of $1535 in the last hour. After the previous session’s intraday pullback from multi-year tops, the precious metal regained some positive traction on Tuesday and was being supported by reviving safe-haven demand amid fading optimism over the resolution of the prolonged US-China trade disputes. Reviving safe-haven demand helped regain traction Despite the US President Donald Trump’s remarks on Monday that China called the US negotiators and wanted to come back to the negotiating table, the fact that China’s foreign ministry later denied news of any US-China phone calls sent confusing signals on the trade war. The market skepticism was evident from some renewed weakness in the global equity markets and was further reinforced by falling US Treasury bond yields, which exerted some downward pressure on the US Dollar and remained supportive of the bid tone surrounding the dollar-denominated commodity. Meanwhile, the ongoing trade war now seemed to have fueled concerns about global growth and a potential recession, which might continue to drive flows towards traditional safe-haven assets and set the stage for a further near-term appreciating move for the commodity. Later during the early North-American session, the US economic docket – highlighting the release of the Conference Board’s Consumer Confidence Index – might influence the USD price dynamics and contribute towards producing some short-term trading opportunities. Technical levels to watch FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP Futures: scope for extra consolidation FX Street 4 years US-China trade uncertainty continues to benefit traditional safe-haven assets. A subdued USD demand/falling US bond yields remain supportive of the uptick. Gold prices edged higher through the early European session on Tuesday and touched a fresh intraday high level of $1535 in the last hour. After the previous session's intraday pullback from multi-year tops, the precious metal regained some positive traction on Tuesday and was being supported by reviving safe-haven demand amid fading optimism over the resolution of the prolonged US-China trade disputes. Reviving safe-haven demand helped regain traction Despite the US President Donald Trump's remarks on Monday that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.