Hi Bob183, The price of gold is not just affected by a trade war...

Hi Bob183,
The price of gold is not just affected by a trade war or the fear generated by it. The numerous other areas of conflict eg Nth Korea, Russia in Crimea, Syria, Yemen, Iran, Kashmir, just to name the obvious. Add in the rarity of big new deposits, QE and money printing by Euro, Japan, US, plus negative interest rates also coming here and huge world debt and these are other factors affecting gold’s current rise in price. Gold does not offer a rise in value as no interest is paid, but currencies depreciate against it and if you live in Europe and have negative interest rates, then it’s worth having as one if your investment options. Australia is the world’s second largest producer and as gold like most commodities is sold in US dollars, then Oz gold price rises as our currency depreciates. Like many commodities, gold has multifactors driving it’s price. Happy to hear your or other views.