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Thursday, 03/22/2018 7:26:10 PM

Thursday, March 22, 2018 7:26:10 PM

Post# of 1715
“...Gold Prices Hit 2-Week Highs as Fed Sees No Inflation, Interbank Rates Spike Amid 'Trump Trade War' Fears

“...GOLD PRICES rose against all major currencies bar the Japanese Yen on Thursday, gaining after the Federal Reserve raised its key Dollar interest rate as expected but world stock markets fell amid what analysts called anxiety over US President Trump's anti-free trade policies.

Dollar priced gold rose above $1330 per ounce and Euro gold prices reversed all of March's previous 1.5% drop to trade at €1080.

The UK gold price in Pounds per ounce erased this week's drop to the lowest since mid-December to trade back at £942 per ounce as the Bank of England held its key policy rate at 0.5%, more than two whole percentage points below the rate of consumer-price inflation.

Asian stock markets meantime closed lower and European equities then tumbled, losing over 1.5% on average ahead of a 12:30 announcement in Washington when Trump will unveil what an aide called "actions [against] China's state-led, market-distorting efforts to force, pressure, and steal US technologies and intellectual property."...”

https://www.bullionvault.com/gold-news/gold-prices-032220183

The GOLD price could POP if the pressure continues with the Trade War etc... IMHO