COMMODITY REPORT: Gold Price Forecast: 8 May 2019 – Gold Hits 1-Week High, Where Next For …

Gold costs rose to a 1-week excessive on Wednesday as renewed worries over U.S.-China commerce dispute and its potential influence on international development dented danger sentiment, and prompted traders in direction of safe-haven property.

U.S. President Donald Trump tweeted on Sunday he would elevate tariffs on $200 billion price of Chinese language items, accusing China of backtracking from commitments made throughout commerce negotiations. 

In the meantime Hedge Funds and Cash Managers switched to a web lengthy place in Comex gold. 

Gold was up zero.2 p.c at $1,287 per ounce after hitting their highest since April 26 at $1,287.87.

The place are commodity costs heading subsequent?  Watch Phil Carr at The Gold & Silver Membership overview Gold with the most recent worth forecast and predictions:

 

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