Uncertain global economic landscape? US-China trade tensions still not looking to be resolved? Yuan devaluation on the cards? The US dollar struggling on a multitude of reasons? Markets continuing to look shaky and fragile? Those are just some reasons why gold is continuing to be favoured in this environment. And all of those factors are all playing out at one go. That is not to mention major central banks also still buying up the precious metal:
For now, the fate of gold will rest on US-China trade tensions for the most part. As long as that continues to persist and create more turbulence for the world economy and markets, it will continue to be hard to find arguments against gold considering the current landscape.
In just the first four months, gold has nearly matched its surging gains from 2024 already with it being up ~25% year-to-date.
You're a wild night with a hell of a view,There ain't no place, ain't no place like you.
This article was written by Justin Low at www.forexlive.com. Read More Details
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