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Giovanni Staunovo

Giovanni Staunovo latest

Gold to Reach $1800 Driven by Fears of Trade War, Second Virus Wave
May 18th, 2020 - 12:00 GMT

Gold to Reach $1800 Driven by Fears of Trade War, Second Virus Wave

Panic stoked by fears of re-escalation of US-China trade combined with concerns about the global economic health, and central banks stimulus programs to aid the battered economies have propelled gold to a wave high of above $1750 per ounce, pivoting it for a historic surge to the 1,800 mark within months. UBS raised its gold price forecast to $1,800 an ounce after the Fed announced that it will expand existing ...
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