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Trump trade wars increase Gold prices
(MENAFN) In about a month, the price of gold rose 6 percent, returning to its highest level in 2019.
One of the reasons for the jump is concern among investors about slowing global economic growth, betting on U.S. interest rates, dollar weakness and other factors.
Economists say the yellow metal is not far from the vagaries of financial markets affected by U.S. trade wars. Unlike other assets, gold takes advantage of uncertainties and is often attracted to investors as a safe haven when economic and financial turmoil increases.
Gold last week hit its highest rise in six months. In more than a month, at the beginning of May this year, the price has risen to 6 per cent.
One of the reasons for the jump is concern among investors about slowing global economic growth, betting on U.S. interest rates, dollar weakness and other factors.
Economists say the yellow metal is not far from the vagaries of financial markets affected by U.S. trade wars. Unlike other assets, gold takes advantage of uncertainties and is often attracted to investors as a safe haven when economic and financial turmoil increases.
Gold last week hit its highest rise in six months. In more than a month, at the beginning of May this year, the price has risen to 6 per cent.
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