The dollar fell against the yen and Swiss franc on Wednesday after China retaliated against the Trump administration’s plan to slap tariffs on Chinese goods, proposing a list of similar duties on a wide range of U.S. imports.
Jim Rickards expresses his opinion about the evolution of the trade war between China and the USA.
The trade war, the economic crisis and the weak dollar are boosting investment in gold, which is rapidly increasing in value.
The Prices Paid Index has just increased for its fourth consecutive month to 78.1 ; its highest level since April 2011.
An oil price increasing is probably coming soon.
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.
The German government is seeking to repatriate its physical gold to protect its economy from the threat of a new global economic crisis.
A U.S. recession is coming, says Societe Generale's Albert Edwards.
Bitcoin fell below $7,000 on Friday, moving closer to the lows the world's number one virtual currency reached in February.