Another essential commodity which is gold benefited from the global economic problems. Price of spot gold increased by 0.2% to $1,476. It is worth reminding that on Monday gold prices reached the highest point in more than six years.
U.S. gold futures also rose on Wednesday by 0.2% to $1,487 an ounce.
The price of gold continues to increase thanks to favorable conditions. Goldman Sachs announced that the chance to end the trade war before the next U.S. presidential election is very low. Another American Bank Morgan Stanley warned that the possibility of the global economic crisis continues to rise due to the trade war.
In this situation, gold is becoming a more lucrative source of income. Gold prices are on the rise whereas Brent crude futures fell to the lowest level in seven months.
Full article
U.S. gold futures also rose on Wednesday by 0.2% to $1,487 an ounce.
The price of gold continues to increase thanks to favorable conditions. Goldman Sachs announced that the chance to end the trade war before the next U.S. presidential election is very low. Another American Bank Morgan Stanley warned that the possibility of the global economic crisis continues to rise due to the trade war.
In this situation, gold is becoming a more lucrative source of income. Gold prices are on the rise whereas Brent crude futures fell to the lowest level in seven months.
Full article
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.