Gold prices rose on Monday amid concerns the Sino-US trade war had started to take its toll on the US economy, weakening the dollar and raising hopes of a US Federal Reserve interest rate cut. FUNDAMENTALS Spot gold had edged uo 0.2 per cent to $1,286.89 per ounce as of 0129 GMT. US gold futures also gained 0.2 per cent, to $1,285.50 an ounce. The US dollar was little changed against a basket A rate cut isn’t a certainty nor is a full blown trade war. The market is now expecting a rate cut by January 2020 and is showing a 52% chance of a cut by September. Given this information, one would think precious metals (and gold stocks and Silver especially) are underpriced. Moreover, the dollar’s direction considering a trade war with China is bearish. And the weaker the dollar, the higher the gold price. A trade war and a weak dollar makes for a great investment in 2018. If Trump is prepared to see his threats through to their inevitable conclusion, the gold price should jolt. Considering the U.S. dollar strength, gold’s rise is looking limited: “Our view that the price of gold will end 2018 at around $1,300 per ounce, up slightly from the current level of $1,274,” the report added.
10 Jun 2019 THE price of gold may move up to $1,400 per ounce this year amid trade war tensions and a weaker global economic outlook, said Bloomberg Traditionally gold is seen as insurance against big, bad, unforeseen geopolitical troubles. Big bank failing? Gold prices inch up. Two countries go to war and threaten to drag others in? Gold heads up. Head of one of the world’s top countries declares a trade war on huge up-and-comer? Discussing the impact of the trade war on gold prices Bob Vassie of St Barbara says gold seems to be doing well amid the U.S.-China trade war, but points out that trade agreements can change Price action in gold prices and gold miners: A bright spot. The VanEck Vectors Gold Miners ETF jumped 4.0% on Friday. With this, GLD’s and GDX’s year-to-date gains have reached 18.9% and 40.5%
One topic that could result in the price of gold ballooning higher is the “potential” for a dirty trade war between U.S. President Donald Trump and Chinese 1 Jul 2019 Though a trade war cease fire at the G20 summit was good news for global financial markets, the price of gold fell as low as $1,382 per ounce 5 Apr 2018 GOLD bullion prices could soon spike in price with leading members of The threat of a global trade war sparked by the US and China could 10 Jun 2019 At this rate of accumulation, China could buy 150 tons in 2019, according to Lau. China, the world's top gold producer and consumer, is facing the 7 Jun 2019 Gold prices rose to their highest since Feb. 1 this week, thanks to global growth fears and more trade war uncertainty. Those fears sent crude oil Own A "Bit Of Gold" As We Are Moving Ever Closer To A Trump Trade War. tariff, with the aim of recouping “the annual cost of China's state-backed theft of US 10 Jun 2019 THE price of gold may move up to $1,400 per ounce this year amid trade war tensions and a weaker global economic outlook, said Bloomberg
Gold prices popped overnight as fears of a trade war grew. President Trump, in a moment that will likely come back to haunt him, tweeted “Trade wars are good, and easy to win.” In response traders sold US dollars and bought some gold. Gold prices gain as US-China trade war takes toll US gold futures also gained 0.2 per cent, to $1,285.50 an ounce. Gold prices surged to a one-month high on Friday as the threat of a global trade war sent investors scrambling for safe assets. Spot gold was up 1.38 percent at $1,346.90 an ounce by 4:15 p.m. EST Is Trade War Good For Gold Prices? Gold prices have come under pressure quite a bit so far this year. However, as the week ended last week, the price of gold started to find its way upward. An all-out trade war with China would be destabilizing to the global economy to put it lightly. One of the big issues tied to this dispute is how this will affect the price of gold. One of the big issues tied to this dispute is how this will affect the price of gold. One of the big issues tied to this dispute is how this will affect the price of gold. Just the fear of such a trade war should increase the perceived safe-haven attributes of gold. If this fear
A rate cut isn’t a certainty nor is a full blown trade war. The market is now expecting a rate cut by January 2020 and is showing a 52% chance of a cut by September. Given this information, one would think precious metals (and gold stocks and Silver especially) are underpriced. Moreover, the dollar’s direction considering a trade war with China is bearish. And the weaker the dollar, the higher the gold price. A trade war and a weak dollar makes for a great investment in 2018. If Trump is prepared to see his threats through to their inevitable conclusion, the gold price should jolt. Considering the U.S. dollar strength, gold’s rise is looking limited: “Our view that the price of gold will end 2018 at around $1,300 per ounce, up slightly from the current level of $1,274,” the report added. The threat of a global trade war sparked by the US and China could also send the price of gold rising as investors look to bury funds in havens safe from global, political volatility. Mr Trump claimed last month that “trade wars are good, and easy to win”. The president’s recent criticism of the Fed’s interest rate raising policies suggests the dollar could soon become a focal point in the trade war. His words alone were enough to drive the dollar down and gold $10 higher. [14] If the greenback falls, gold prices could jump to $1,400 in 2018, says Rule. The price of gold is failing to benefit fully from a ramping up of the rhetoric between the US and China that is leading to concern that the trade talks between the two nations are going badly. Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes. GOLD PRICE OUTLOOK – TALKING POINTS. Gold has potential to rebound sharply from its recent stretch of weakness if looming risks intensify. XAUUSD might continue to face short-term weakness from the threat of recovering risk appetite and potentially hawkish Fed minutes.