Gold Market: US-China trade talks, tariff threats in focus

> Gold News > Gold Market: US-China trade talks, tariff threats in focus

US - China relations related to gold rise

Date: 05/12/2019 | Source: http://www.cnbc.com

Gold prices rose last week and are expected to rise more. This is partially due to US - China relations and tariff threats. 

CNBC said, "The escalation in the U.S.-China trade dispute has weighed on stock markets worldwide and boosted demand for assets viewed as safer."

Keep an eye on this in the coming weeks to see how it plays out. 

Gold Market: US-China trade talks, tariff threats in focus

Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods, exacerbating fears of a global economic slowdown, while palladium surged more than 5% on technical buying and short covering.For gold, the U.S.-China trade conflict could also force the U.S. Federal Reserve to cut interest rates, which could further support bullion prices.

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