Gold rebounds over deepening US-China trade rift

BILATERAL ties between the United States and China have taken a turn for the worse, as Washington imposed trade restrictions on Huawei Technologies Co last week. The Trump administration's latest move has aggravated existing tensions with Beijing as both parties remain embroiled in tit-for-tat trade tariffs.

Risk appetites have weakened considerably as investors contemplate the impact of trade protectionist policies and mounting geopolitical challenges in the current term. Bullion appeal. though facing bearish pressures from a resilient US dollar, will continue to receive support amid growing market uncertainties for now.

What should investors look out for in the longer term?