Yen, gold gain on trade war angst; Argentine peso sinks


Gold edged up, holding above the psychological $1, 500 level. Spot gold added 1.1% to $1, 512.51 an ounce. The yen rose to its highest against the dollar since March 2018 - barring a flash crash in January - gaining 0.37% versus the greenback at 105.30 per dollar.

NEW YORK: Investors piled into gold, safe-haven yen and bonds on Monday over nagging concerns about a prolonged U.S.-China trade war and global growth, while Argentina's peso plunged 15% after voters handed its president an election mauling.

The yen rose to its highest in more than a year and a half versus the dollar on the prospect the Japanese currency could gain more in the case of a drawn-out U.S.-Sino trade conflict.

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