Digging into the Rising Gold: Trade Tensions, Recessionary Worries and Dovish Fed

From kitco.com

Good news for the gold bulls! As the chart below shows, the price of the yellow metal has already crossed the level of $1,330, within spitting distance of the 2019 record high of $1,344. What is happening? Well, one reason is trade wars. Dashing the hopes of many, the United States and China have not signed a trade deal. Instead, the trade tensions have escalated recently. And the world economy feels the pinch. According to the International Monetary Fund, the fresh tariffs announced in 2018-19 would cut global GDP by 0.5 percent next year. That’s $455bn - larger than the size of South Africa’s economy. However, ... (full story)