Fresh Record Highs For Gold As Trade War Heats Up

From tickmill.com

Gold prices continue to push further into record territory this week as uncertainty around global trade wars heats up. The futures market is now up around 10% from the December lows with prices this eek breaking out above the prior all-time highs at 2789.40. The rally comes despite a fresh uptick in the US Dollar and represents strong safe-haven demand for gold amidst the resumption of the US/China trade war on the back of Trump implementing tariffs over the weekend and China last night retaliating. With fears that the trade dispute between the two economic superpowers could yet escalate further, gold ETFs are seeing ... (full story)