Gold Holds Near Record High Even as US-China Trade Tensions Ease

Gold held near a record high, finding support despite optimism global trade tensions are easing and hopes the US government will reopen soon.

Bullion surged as much as 3.1% on Monday to a peak of $4,381.52 an ounce. Technical indicators — including the relative strength index — show that the ferocious rally that began in August may have run too far.

Investors were weighing the latest developments in US-China relations. President Donald Trump said the US will “be fine” with Beijing before the two sides return to the negotiating table. Still, the US leader — due to meet President ...