Bart Melek, Head of Commodity Strategy at TD Securities (TDS), said in the latest client note, gold prices will eventually turn out a winner, in the wake of the US-China tensions and global efforts to drive inflation higher. Key quotes “I think the potential for a new trade war with China could be a trigger for new gold buying. Gold prices will continue to be caught in a tug-of-war between deflation and inflation. The global economy continues to face deflationary threats as the world adjusts to lower growth expectations as the COVID-19 pandemic has decimated the global economy. Deflation will push real interest rates higher, making gold less attractive. Governments and central banks have said that they will do whatever it takes to drive economic growth back to normal levels. This reaction will drive inflation and push real yields back down and gold prices higher.” Key quotes “I think the potential for a new trade war with China could be a trigger for new gold buying. Gold prices will continue to be caught in a tug-of-war between deflation and inflation. The global economy continues to face deflationary threats as the world adjusts to lower growth expectations as the COVID-19 pandemic has decimated the global economy. Deflation will push real interest rates higher, making gold less attractive. Governments and central banks have said that they will do whatever it takes to drive economic growth back to normal levels. This reaction will drive inflation and push real yields back down and gold prices higher.” Key quotes “I think the potential for a new trade war with China could be a trigger for new gold buying. Gold prices will continue to be caught in a tug-of-war between deflation and inflation. The global economy continues to face deflationary threats as the world adjusts to lower growth expectations as the COVID-19 pandemic has decimated the global economy. Deflation will push real interest rates higher, making gold less attractive. Governments and central banks have said that they will do whatever it takes to drive economic growth back to normal levels. This reaction will drive inflation and push real yields back down and gold prices higher.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD hits 8-week high above 200-day SMA FX Street 3 years Bart Melek, Head of Commodity Strategy at TD Securities (TDS), said in the latest client note, gold prices will eventually turn out a winner, in the wake of the US-China tensions and global efforts to drive inflation higher. Key quotes “I think the potential for a new trade war with China could be a trigger for new gold buying. Gold prices will continue to be caught in a tug-of-war between deflation and inflation. The global economy continues to face deflationary threats as the world adjusts to lower growth expectations as the COVID-19 pandemic has decimated the global economy. Deflation will… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
