Gold Prices Off Their Highs
Gold prices off their highs but are still holding strong gains as consumer inflation pressures rose in line with expectations last month.
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Predicting the next U.S. recession
Morgan Stanley forecast that if the U.S. lifts tariffs on all imports from China to 25 percent for 4-6 months and China takes countermeasures, the U.S. would be in recession in three quarters.
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Gold Price Boost
Gold prices are likely to receive a boost from de-dollarization, say SP Angel analysts. “The recent increase in gold prices may be set to continue on the strength of a global push for de-dollarization,” according to the analysts.