Gold is building on safe haven demand amid weakening global growth scenario in addition to dollar arresting gains since mid-July. Demand for safe havens was also bolstered by an escalation in tensions between China and Taiwan, after Beijing fired missiles around the island as part of a ?military drill.? The move was in retaliation for U.S. House of Representative Speaker Nancy Pelosis visit to Taiwan this week, which was opposed by China. Gold futures in Asia are up 0.11% at $1808.85 an ounce. Meanwhile, dollar index that measures the greenback against a basket of currencies is up 0.17% at 105.74. Powered by Commodity Insights
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