COMMODITY REPORT: Gold Price Forecast: 8 May 2019 - Gold Hits 1-Week High, Where Next For Prices? [Video]
![COMMODITY REPORT: Gold Price Forecast: 8 May 2019 - Gold Hits 1-Week High, Where Next For Prices? [Video]](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/man-working-in-a-foundry-gm182420851-11831985_XtraLarge.jpg)
Gold prices rose to a 1-week high on Wednesday as renewed worries over U.S.-China trade dispute and its potential impact on global growth dented risk sentiment, and prompted investors towards safe-haven assets.
U.S. President Donald Trump tweeted on Sunday he would raise tariffs on $200 billion worth of Chinese goods, accusing China of backtracking from commitments made during trade negotiations.
Meanwhile Hedge Funds and Money Managers switched to a net long position in Comex gold.
Gold was up 0.2 percent at $1,287 per ounce after hitting their highest since April 26 at $1,287.87.
Where are commodity prices heading next? Watch Phil Carr at The Gold & Silver Club review Gold with the latest price forecast and predictions:
Author

Phil Carr
The Gold & Silver Club
Phil is the co-founder and Head of Trading at The Gold & Silver Club, an international Commodities Trading Firm specializing in Metals, Energies and Soft Commodities.

















