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Trade war heats up "exponentially"; gold to see the headwind



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(Kitco News) – Gold saw a nearly 2% meeting on Friday, bolstered by an escalating trade war and a still weak Fed, expected to continue to lower prices, said Peter Hug, Kitco's global trading director.

"This trade war with China is heating up exponentially," Hug told Kitco News. "When you look at the total scope [of the global economy] with all the central banks ready to just inflate as much as possible, it is very difficult not to be in the gold market."

Disclaimer: The views expressed in this article are the author and may not reflect those of Kitco Metals Inc. The author has done his utmost to ensure the accuracy of the information provided; However, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a challenge to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept damages for losses and / or damages resulting from the use of this publication.

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