Geopolitical Tensions between The US And China Are Boosting Haven Demand for Gold
The comments below are an edited and abridged synopsis of an article by Frank Holmes
Gold is reaping the benefits from geopolitical tensions between the US and China, boosting safe-haven demand. Bullion is hovering near a four-week high as the fallout from US House Speaker Nancy Pelosi’s visit to Taiwan keeps markets on edge. The Bloomberg Dollar Spot Index was little changed after slipping earlier in the week.
Holmes discusses precious metals’ strengths; weakness in the precious metals markets; opportunities for investors; and threats to miners and auto companies.