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Analysts at UBS expect gold prices to touch ,000 per ounce before the end of the year, driven higher by low US interest rates, a weaker dollar, coronavirus concerns and tension between the United States and China. It also forecast gold price for 2021 end-June at ,900. In the shorter time horizon, it sees a number of uncertainties that will help elevate the prices.

Andrew Steer, president and chief executive of the World Resources Institute, said China is a long way ahead of other countries in terms of the psychology and the belief system of sustainable development.

Angela Wang, the owner of a decade-old hair salon in Flushing, said one-third of her regular customers used to be non-Chinese, but two days after her employees started wearing facemasks, these clients all stopped returning. There has also been a significant drop in the number of her Chinese customers.

And in July this year, Boeing Shanghai Aviation Services announced a maintenance agreement with leading Chinese air express carrier SF Airlines for its Boeing Classic 737 and 767-300 freighters.

Analysts outside the US also believe that Trump's intentional use of the racist term is to distract the US public from the wide criticism of his missteps in his early denial of the seriousness of the pandemic. Now with the stock market gains of the past three years totally wiped out, he is eager to play the blame game, especially in a presidential election year.