Trade War Causing Negative Equity Markets Worldwide
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GOLD
While concerns about an escalated trade war between the U.S. and China are causing negative equity markets worldwide, Gold is finding new interest. Helped by low to negative interest rates in many of the largest economies, demand for Gold (the ultimate safe haven investment) is picking up. In the face of a strong U.S. Dollar Gold reached $1,290 per ounce in early morning trading. At 11am PT today, Gold is trading at $1,289 per ounce, up $8 on excellent volume.
SILVER
With a rally in the Gold market, Silver is fighting to move back above $14.50 per ounce today. A good sign for Silver is that physical demand is picking up in Asian markets, based on trade war concerns. At 11am PT today, Silver is up $0.05, trading at $14.51 per ounce on good volume.