Gold price extended its record streak for the third time in the week as the Greenback weakened due to tensions between China and the US related to trade policies.
The GPIF — the world’s largest pension whale — just dropped a geopolitical bombshell, quietly removing China A-shares from its foreign equity benchmark.
The upward movement is still the strongest, and global geopolitical and trade tensions, along with the weak US dollar, will continue to be drivers of strength for spot gold prices.
Investor confidence is plummeting, recession fears are rising, cash levels are increasing, and US equity allocations are falling, marking the most bearish market outlook in 25 years.
Gold price (XAU/USD) continues scaling new record highs heading into the European session on Wednesday, with bulls eyeing to conquer the $3,300 mark as trade-related uncertainties continue to boost demand for traditional safe-haven assets.
Ahead of tonight's grand unveiling of what Beijing wants the world to think about its economy, the market was active with Gold soaring at the China open for the third day in a row...
Gold price ended Tuesday’s session on a higher note due to traders buying the precious metals amid uncertainty over US President Donald Trump's tariff plans, which has kept market participants on edge.
