Gold at record high, stocks drift as US-China tensions flare

NEW YORK (AP) — The price of gold is at a record high and a stock market rally is stalling as tensions between the U.S. and China rachet higher and coronavirus infections continue to hamper travel and other businesses. The S&P 500 index edged 0.1% in the first few minutes of trading Monday. Silver, another haven for jittery investors, also rose. Investors are bracing for a heavy week of news that could move markets. The Federal Reserve starts a two-day policy meeting on Tuesday, and on Thursday Apple reports its latest results and the government issues a report on second-quarter economic growth.