- Analytics
- News and Tools
- Market News
- Gold: Trade tensions lead to upsurge - NAB
Gold: Trade tensions lead to upsurge - NAB
National Australia Bank’s analysis team explains that the gold surged to $1390, the highest since August 2013, with the US Federal Reserve adopting a dovish monetary policy stance, highlighting ‘uncertainties’ posed by trade and the economy.
“NAB Economics is forecasting two rate cuts in the second half of 2019. Rising trade tensions and the prospect of further deterioration have led to increased levels of risk aversion, further supporting gold. Conversely, a possible trade deal between the US and China at the upcoming G-20 meeting in Osaka might lead to some easing in the gold price. We have upgraded our end-of-year gold forecasts to $1380, up from $1350, with the prospects of further increases ahead.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
