{"id":55026,"date":"2025-04-16T21:04:22","date_gmt":"2025-04-16T21:04:22","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies"},"modified":"2025-05-08T05:45:57","modified_gmt":"2025-05-08T05:45:57","slug":"gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies","title":{"rendered":"Gold surges to new record high as US-China trade conflict intensifies"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The price of gold hit a new record on Wednesday, with an ounce reaching $3,318 as the US initiates new moves in the trade conflict with China.<\/p>\n

After hitting an all-time high, the price of gold currently stands at around $3,312.60 as of 0820GMT.<\/p>\n

The ounce of gold rose more than 2.6% on Wednesday to set a new record after investors’ worries increased over further escalation of the trade conflict between the world’s two biggest economies.<\/p>\n

The surge in gold prices intensified after US President Donald Trump announced his “reciprocal” tariffs on more than 180 countries on April 2.<\/p>\n

China was the first country to react to the US tariff increases and responded at the same rate. As a result of the tariff showdown between the two countries, the US raised its tariffs on China to 145% and China raised its tariffs on the US to 125%.<\/p>\n

While the Washington administration postponed the reciprocal tariffs imposed on other countries for 90 days, tariffs against China came into force.<\/p>\n

Meanwhile, the US government banned Nvidia’s H20 chips’ exports to China.<\/p>\n

In the latest move, the White House announced late Tuesday that China now faces up to 245% tariffs due to its retaliatory actions.<\/p>\n

For More News And Analysis About Lesotho<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The price of gold hit a new record on Wednesday, with an ounce reaching $3,318 as the US initiates new moves in the trade conflict with China. After hitting an all-time high, the price of gold currently stands at around $3,312.60 as of 0820GMT. The ounce of gold rose more than 2.6% […]<\/p>\n","protected":false},"author":84,"featured_media":55025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[171,5610,5673,245,5838,5839,5311,1888],"class_list":["post-55026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-china","tag-gold-ounce","tag-gold-price","tag-lesotho","tag-record-high","tag-safe-haven-asset","tag-tariffs","tag-usa"],"yoast_head":"\nGold surges to new record high as US-China trade conflict intensifies - Lesotho<\/title>\n<meta name=\"description\" content=\"The price of gold hit a new record on Wednesday, with an ounce reaching $3,318 as the US initiates new moves in the trad ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold surges to new record high as US-China trade conflict intensifies\" \/>\n<meta property=\"og:description\" content=\"The price of gold hit a new record on Wednesday, with an ounce reaching $3,318 as the US initiates new moves in the trad ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-16T21:04:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-08T05:45:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/04\/sm_1744823180.893317.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Gold surges to new record high as US-China trade conflict intensifies\",\"datePublished\":\"2025-04-16T21:04:22+00:00\",\"dateModified\":\"2025-05-08T05:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies\"},\"wordCount\":218,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/04\/sm_1744823180.893317.jpg\",\"keywords\":[\"CHINA\",\"Gold Ounce\",\"gold price\",\"Lesotho\",\"record high\",\"safe haven asset\",\"tariffs\",\"USA\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/gold-surges-to-new-record-high-as-us-china-trade-conflict-intensifies\",\"name\":\"Gold surges to new record high as US-China trade conflict intensifies - 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