Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

] * Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil … Read more

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

] Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Gold in USD – 1 week (GoldCore.com) Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs … Read more

Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

] * Major stock markets globally fell for a third straight day today * Fears about a deepening and global trade war, protests in Hong Kong and a crash in Argentina’s peso currency led to safe haven demand for bonds, gold and silver * Silver went above a 1 and half year high climbing 1.8% … Read more

Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

] * Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to … Read more