Sorry, an error has occurred
For now, this data cannot be displayed. We are trying to fix it.
Back to Home- A Small
- A Medium
- A Bigger
Global gold prices dipped in futures trading. The most active gold contract for August 2019 delivery fell 0.21% to US$1,414.1 per ounce on Thursday (June 27th). This weakening is the second since Wednesday (June 26th) at 1,413.95. Previously, gold prices had risen for four consecutive sessions.
Gradient Investments President Michael Binger said gold prices remain volatile due to ongoing trade tensions between the United States (US) and China. Demand for gold as a safe haven asset is increasing as investors worry about an economic recession triggered by the trade war.
Binger predicts that demand for this precious metal will likely increase ahead of the G-20 meeting in Osaka, Japan on June 28-29, 2019. At this conference, US President Donald Trump and Chinese President Xi Jinping are scheduled to meet to discuss bilateral trade.
(Read Databoks: [Global Gold Prices Hit New Record](https://databoks.katadata.co.id/datapublish/2019/06/21/harga-emas-dunia-tembus-rekor-baru))
"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."
Related Data
Latest Data Stories
Trending Topics
Popular Data