Is a Gold Bull Run on its way????, page-8

"The biggest producers of gold are China, Australia, United States, South Africa, Russia, Peru and Indonesia. The biggest consumers of gold jewelry are India, China, United States, Turkey, Saudi Arabia, Russia and UAE. Gold Futures are available for Trading in the Commodity Exchange (COMEX) which merged with the New York Mercantile exchange in 1994 and became the division responsible for metals trading. Half of the gold consumption in the world is in jewelry, 40% in investments, and 10% in industry. However, Gold is not only a precious metal but also a commodity vital for many industries. Gold is an excellent conductor of electricity, is extremely resistant to corrosion, and is one of the most chemically stable of the elements, making it critically important in electronics and other high-tech applications."

"Gold prices rebounded on Friday, as the signing of a preliminary trade deal between the United States and China failed to address concerns about tariffs and other core issues. Also, recent data showed China's economic growth slowed to its weakest in nearly 30 years in 2019. Gold prices edged up as much as 0.3% to $1,560 an ounce while Silver added nearly 0.2% to $17.95 an ounce around 11:30 AM NY time. Historically, Gold reached an all time high of 1920.30 in September of 2011". Trading Economics.

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