Commodity Report: Gold Price Forecast: 4 June 2019 - Where Next For Prices? [Video]
|Gold prices were steady on Tuesday, coming off a three-month high hit in the previous session, as global slowdown worries driven by trade conflicts amid expectations of a U.S. interest rate cut stoked investors towards the safe-haven bullion.
The prolonged trade war between the world's biggest economies has rolled over financial markets denting risk sentiment among investors. Global stock markets shed over $2 trillion in value in May.
Meanwhile hedge funds and money managers increased their net long positions in Comex gold in the latest week.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:
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