The uncertainty over US-China trade talks, developments in the global market and talks surrounding recession are some of the key reasons that have triggered a rise in prices of gold, reported Business Today.
US-China trade tensions
Gold Price and Demand Dynamics
Gold Price and Demand Dynamics
✅ Gold demand is driven from three main sources – jewelry, industrial and medical applications, and investment.
Crude Oil Prices plunge over 5% to $67 as US-China trade tensions intensify
Gold Silver Reports (GSR) – Crude Oil prices slumped more than 5 per cent on Thursday on growing trade tensions, which have deepened over the US blackballing Chinese telecom giant Huawei.
Gold Investors Await Fresh Move in US-China Trade Spat
Gold Silver Reports (GSR) — Gold Investors Await Fresh Move in US-China Trade Spat – Spot gold was almost unchanged at $1,332.46 an ounce as of 9am. Prices hit a more than two-week low of $1,321.16 an ounce on Friday before closing 0.5% higher. US gold futures were unchanged at $1,335.80 an ounce.