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Gold to See “Fireworks” from Trade War




from Kitco NEWS

Gold has not been acting like a proper safe haven due to the fact that a full-blown trade war has not yet been triggered, but this may change once tariffs are implemented, said Gary Wagner, editor of theGoldForecast.com.

“We are in a trade dispute, we haven’t morphed into a full-blown trade war. Once tariffs are actually imposed, that will be a different story, and we might see some fireworks at that point,” Wagner told Kitco News.

Wagner noted that should gold fall below $1,240 an ounce, a level $30 lower should be expected.

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