-
Gold Prices Surge Amidst Global Trade Uncertainties
The recent US-China trade war has had numerous ramifications. To start, economies have contracted, supply chains have been disrupted, and corporate costs have risen significantly. Additionally, factory activity has declined in some countries, many currencies have depreciated, and companies have lost trillions in stock market capitalization. Surprisingly, one asset has risen despite all the chaos: gold. A gram of gold now costs over $100, a sharp rise from its pre-trade war price of around $75/gram. Several factors have contributed to this increase, including the ones discussed below. Escalating Trade Tensions and ... (full story)
