'Gold nudged up on the latest tit-for-tat US-China trade measures and is looking to move higher with more Fed rate cuts,' said Harry Tchilinguirian.
Gold could soar above $1,600 per ounce if the Federal Reserve cuts rates four times before June 2020, according to Harry Tchilinguirian of BNP Paribas. Global uncertainty has increased safe-haven demand for the precious metal and driven prices higher. If the Fed moves to ease more aggressively than BNP's forecast, gold could soar even higher, Tchilinguirian said. Read more on Markets Insider.
Gold could soar above $1,600 per ounce if the Federal Reserve cuts rates four times before June 2020, according to Harry Tchilinguirian of BNP Paribas. Global uncertainty has increased safe-haven demand for the precious metal and driven prices higher. If the Fed moves to ease more aggressively than BNP's forecast, gold could soar even higher, Tchilinguirian said. Read more on Markets Insider.
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