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)