Gold Edges Up as the Dollar Weakens and Trade Tensions Rise
The start of the week saw the price of gold increase by over 2% as economic uncertainty, geopolitical tensions and a weakening dollar continue to fuel the demand for safe-haven assets. The precious metal’s appeal has been amplified by global events that are keeping investors wary of riskier assets. Gold is often seen as a store of value during periods of instability, a trend that’s been clearly evident these last few weeks. Periods of geopolitical tension, coupled with a low-interest rate environment, have historically been favorable for gold’s performance. As such, this current climate is proving beneficial to the yellow…