CX Briefing: Gold Exchange Frets Over Soaring Price of Gold

A rundown of the news making headlines in and around China:

Gold exchange alarm: As uncertainty sparked by Trump’s tariffs sent investors rushing toward safe-haven assets, the Shanghai Gold Exchange has warned that the metal may not be as safe as some assume. While the U.S. Dollar Index has dipped, gold prices in both Shanghai and London have risen to new highs in recent days. The buying frenzy was helped along by a post from the U.S. president in which he said “he who holds the gold makes the rules,” interpreted as a signal of support for the asset by some “gold bulls.” In a Monday statement, the exchange said that, given the fluctuation in prices, investors should manage risks and invest rationally.