A Trade War Could Cause Gold To Reach $1,400 – 2 April, 2018
According to Rick Rule who has been in the gold market for over forty years, gold will hit the $1,400 per ounce mark in 2018 if a trade war breaks out. After three consecutive quarters of gains, Spot gold hit the $1,340 trading mark this week as President Trump ordered import tariffs on aluminum and steel and is looking to restrict Chinese investments. Conflicts within the U.S. as international confidence in the dollar declines could be the tipping point to determine the fate of the price of gold.