As the skirmish between major global trade forces escalates, a significant impact has been noticed in the gold markets. Investors across continents are seeking refuge in the safe-haven asset, propelling its prices to the near three-month high. This sudden surge can be linked directly to the trade war escalation which is causing turbulence in the global financial markets. As a result, gold bullion has gained a significant rise in demand. The increased demand is stimulating the price growth, serving as a buffer against anticipated market volatility. The uncertainty about the outcome of the trade conflict is keeping the investors on edge, fueling the flight towards gold. Whilst gold continues its ascent, we may witness further influence of the geopolitical landscape on the precious metal’s market in the coming months. Read More
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