Spot Gold Trades At A High Of $1,503.25 In London Session • Investors are finding refuge in gold and the companies that produce the metal as financial markets get whipsawed by the escalating trade war between the U.S. and China • The value of the Bloomberg Barclays Global Aggregate Negative Yielding Debt index climbed to a record $15 trillion on Monday, reinforcing the case for owning bullion to protect one’s wealth • Bullion climbed 15% this year amid mounting speculation that the Federal Reserve will keep cutting interest rates to support the U.S. economy as the deepening trade war clouds the global growth outlook • “Investors are finally starting to buy into the notion that higher gold prices are here to stay,” Bloomberg Intelligence analyst Andrew Cosgrove said in an email • Email Now To Access Our Next GLD Algo Trade Alert: inquiries@ppchk.net
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