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Global gold prices strengthened throughout 2019. According to investing.com, the world gold price on Monday, December 30th, was US$1,518.6 per ounce. This figure continued to strengthen to US$1,526.75 per ounce on Tuesday, December 31st, at 5:25 PM WIB (Western Indonesian Time). Year-to-date, the global gold price has risen 19 percent.
Garuda Berjangka's PR Director, Ibrahim, stated that the movement of global gold prices was influenced by global tensions, such as the US-China trade war, the six-month trade dispute between Japan and South Korea, and the demonstrations in Hong Kong. This situation caused uncertainty, influencing investors to choose gold as a safe haven asset.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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