While US-China trade conflict is going on, gold is seeing insane rise in price. It hit all time high globally and US Gold futures are rising too. Analysts are also hinting towards higher targets for gold in upcoming future.
It can be assumed that the U.S.-China trade war has caused fears of a global slowdown and higher inflation. This is pushing investors to buy gold as a safe asset during uncertain times.
The U.S. put tariffs on Chinese goods, and China responded with its own tariffs, making the trade war worse. This has raised concerns about inflation and delayed hopes for U.S. rate cuts. Central banks, especially in emerging markets, are buying more gold to protect their economies.
The trade war has global effects, with investors worried about a recession. In India, gold prices rose as the rupee fell, and local investors are watching the budget closely.
Bitcoin is also rising due to similar reasons, like geopolitical tensions and a weaker dollar, and its ETFs have made it easier to invest in.
In the debt market, trade tariffs could push inflation higher, possibly slowing rate cuts. This has made investors move to safer assets.
The U.S.-China trade war, along with investor actions and economic factors, is driving gold prices and shaping global markets.
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