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Thursday, 21 June 06:26 (GMT -05:00)



Stock and commodities markets

Global Trade War Will Push Gold Price to $1400/oz


According to Bloomberg and some other online sources, the global trade war started by Donald Trump will eventually increase the dollar value of gold. In particular, they say that the price of gold may reach the 5-year high in the near future.
 
The mentioned prediction was made by Sprott U.S. Holdings Inc. CEO Rick Rule. He is reported to have been working with gold for over 40 years and therefore he has been good at predicting gold prices.

in particular, the expert is sure that the tougher relations between major economies will eventually force international investors into looking for safe-haven assets like gold. If that’s the case, this will start a new 30-year bullish cycle in the global market of gold. This year alone, the cost of an ounce of gold may reach 1400 dollars and even more. These days, the gold investments made by international investment funds are getting closer to the highest level in 5 years.

 

For those of you how don’t know, President Trump introduced customs duties on steel and aluminum imports and later signed a memorandum on resisting China’s unfair external trade practices. On top of higher duties on Chinese products, Donald Trump keeps on demanding from the U.S. Department of the Treasury to cap China’s investments in the American economy. By the way, China is reported to have already responded to President Trump’s actions with raising the duties on more than 100 American products.
 
At the same time, the experts interviewed by Bloomberg assume that the trade war will eventually cut the demand for American assets, which will affect the entire American economy through raising the federal budget deficit and making the dollar more vulnerable.

According to Rick Rule, the international investment community’s trust in the U.S. dollar and 10-year U.S. bonds has always been the most significant factor backing the stability of international financial markets.
 

 

 

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USA Will Dominate Global Oil Market, IEA Says

Over the next 5 years, the United States will dominate the global market of crude oil. Up to 80% of the global oil demand growth will be covered by American oil companies, Bloomberg reports with reference to the International Energy Agency.

Publication date: 19 April 07:11 AM

OPEC Is Ready To Ask American Shale Oil Companies Not To Boost Their Oil Production

According to the Energy Minister of the UAE, the OPEC is ready to start asking American shale oil producers to stop boosting their shale oil production. The statement was made during the International Petroleum Week (IP Week).

Publication date: 06 March 10:29 AM

Shale Oil Threatens with an Oil Market Crash to 2014 Levels

The two years' period of moderately high oil prices is about to be over, the International Energy Agency assumes. They say that the global supply is likely to exceed the global demand, which will push down oil prices, may be even to the levels of 2014.

Publication date: 05 March 03:50 AM

Alpari Signs Up Russian Sportscaster Vasili Utkin

lpari has always been known for partnering with celebrities. This time this major forex brand has teamed up with famous Russian sportscaster Vasili Utkin. The partnership agreement is valid until the end of 2018.


Publication date: 05 March 01:45 AM

Oil Prices Will Be Affected By Geopolitical Risks in 2018

The end of 2017 was clearly positive for oil-exporting nations. For example, Brent oil futures traded at 66,60 dollars per barrels on December 29th. Will the existing bullish trend persist in 2018? 

Publication date: 16 January 06:32 AM

Euro Exchange Rate Reaches Highest Level Since Late 2014

The common European currency keeps on growing driven by the news on the formation of a new German government. The price rally started in 2017. At the same time, experts are getting more and more optimistic about the prospects of the Eurozone and the European Union in general, Deutsche Welle reports.


Publication date: 16 January 01:49 AM

Experts Criticize OPEC+ Agreement for Unpredictable Outcomes

OPEC exporters may beat the target related to the OPEC+ agreement, which now seems to be a point of concern for international investors, The Wall Street Journal reports.

Publication date: 27 November 05:06 AM

Market Reaction to Zero Change in Fed’s Rate

Publication date: 23 September 03:30 AM

U.S. Investigation of Offshore Capitals May Ruin Putin’s Regime, Aslund Says

The international expert community has been busy discussing the search of Russian offshore capitals by Americans. Anders Aslund assumes that this investigation may eventually put an end to Putin’s regime.

 

 

 


Publication date: 06 September 11:37 PM

Russia Is Against Further Oil Production Cuts, Bloomberg Says

Moscow is against cutting their oil production any further if there is such an offer further down the road. They know that if they have to meet with OPEC members anytime in the near future, and given the fact that the recent extension of the Vienna Accord seems to be failing to do what it’s meant to do, such an offer may really be the case. By the way, Bloomberg reports that another Russia-OPEC meeting is scheduled for July 24, 2017 in Saint Petersburg, Russia.

Publication date: 05 July 07:13 AM