Another essential commodity which is gold benefited from the global economic problems. Price of spot gold increased by 0.2% to $1,476. It is worth reminding that on Monday gold prices reached the highest point in more than six years.
U.S. gold futures also rose on Wednesday by 0.2% to $1,487 an ounce.
The price of gold continues to increase thanks to favorable conditions. Goldman Sachs announced that the chance to end the trade war before the next U.S. presidential election is very low. Another American Bank Morgan Stanley warned that the possibility of the global economic crisis continues to rise due to the trade war.
In this situation, gold is becoming a more lucrative source of income. Gold prices are on the rise whereas Brent crude futures fell to the lowest level in seven months.
Full article
U.S. gold futures also rose on Wednesday by 0.2% to $1,487 an ounce.
The price of gold continues to increase thanks to favorable conditions. Goldman Sachs announced that the chance to end the trade war before the next U.S. presidential election is very low. Another American Bank Morgan Stanley warned that the possibility of the global economic crisis continues to rise due to the trade war.
In this situation, gold is becoming a more lucrative source of income. Gold prices are on the rise whereas Brent crude futures fell to the lowest level in seven months.
Full article
𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐁𝐫𝐨𝐤𝐞𝐫𝐚𝐠𝐞 - 𝐒𝐭𝐨𝐜𝐤 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐅𝐨𝐫𝐞𝐱 𝐍𝐞𝐰𝐬 & 𝐅𝐨𝐫𝐞𝐱 𝐁𝐫𝐨𝐤𝐞𝐫𝐬
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