Price for gold bullion will soar to the highest level in nearly half a decade if global trade tensions escalate, says the head of Sprott US Holdings Rick Rule, a long-time resource securities investor.
Gold may reach $1,400 per ounce as early as this year, as the unfolding trade war between Beijing and Washington inevitably drives investors to traditional safe havens, dragging down the three-decade bull market in bonds, according to the analyst, as quoted by Bloomberg.
Spot gold closed at $1,337.27 per ounce following three straight quarters of gains with exchange-traded fund holdings hovering around their highest in five years...
Source:RT.com