With trade policy threatening investor confidence in Asia, Europe and the USA, generating what appears to be safe-haven demand for JPY, and undermining global equities, it is surprising to see the price of Gold languishing, according to Greg Gibbs, Analyst at Amplifying Global FX Capital.
Key Quotes
“Its fall over recent months is consistent with broad strength in the USD. But if we are moving into a new phase where confidence in the sustainability of US economic growth is called into question, adding to already troubling signs in Asia and Europe, then gold may be poised to rebound.”
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