COMMODITY REPORT: Gold Price Forecast: December 2019 [Video]

Phil Carr The Gold & Silver Club

December is certainly shaping up to be an incredible month ahead for Commodity traders.

A flood of headlines on Tuesday rattled the global equity markets after President Donald Trump indicated he was in no hurry to sign a trade deal with China and that another round of tariffs would be imposed on $160 billion worth of Chinese goods on December 15. President Trump also indicated that it might be best to wait until after the 2020 presidential election before striking an agreement.

A subsequent shock to the markets from an additional round of tariffs this month could likely trigger a significant stock market sell-off – similar to the pullbacks seen in May, August and more recently in the last few days. Such a scenario, would ultimately send precious metal prices skyrocketing!

Looking ahead, some of the key economic events that traders will not want to miss out on include; U.S Nonfarm Payrolls data, the final FOMC meeting of 2019, UK Election, ECB Policy decision and of course Trump’s latest round of tariffs on China, scheduled for December 15.

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.

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