Electron Native

Gold prices rose on Friday as investors sought safer assets after U.S. President Donald Trump proposed 100 billion dollars in new tariffs on China, raising concerns about an escalating trade spat between the United States and China. Spot gold was 0.4 per cent higher at 1,330.78 dollars per ounce as of 0032 GMT, and the U.S. gold futures rose 0.4 per cent to 1,334.10 dollars an ounce. Spot gold on Thursday dropped to a one-week low of 1,322.40 dollars an ounce after the United States and China signalled willingness to negotiate a trade dispute. However, President Donald Trump late on Thursday said he had instructed U.S. trade officials to consider $100 billion in additional tariffs on China, fuelling an already heated trade dispute between the world’s two biggest economies. U.S. stock markets slid and the yen rose against the dollar on Friday. Gold-backed exchange traded funds in North America saw inflows in March, amid market volatility and as trade tensions between the United ...

Apple Inc (AAPL.O) will open a new campus as part of a five-year, 30 billion dollars U.S. investment plan and will make about 38 billion dollars in one-time tax payments on its overseas cash. This is one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. The company has been under increasing pressure to make U.S. investments since the 2016 presidential campaign, when Trump targeted the iPhone maker for making products in Asian factories. While Apple has announced no plans to change that practice. Experts say it would be economically impractical to make iPhones in the United States, the company has begun to emphasize its U.S. economic impact, from developers who sell software on its App Store to the tens of billions of dollars per year it spends with U.S. suppliers. Between the spending plan, hiring 20,000 people, tax payments and business with U.S.-based suppliers, Apple on Wednesday estimated it would sp...