US-China 'cold war' will be massive driver of gold

TRADE tensions between the US and China will provide strong support for gold in the coming years while US president Donald Trump’s attempt to gain re-election will boost prices in the mid-term, delegates at the Precious Metals Summit in Zurich heard on Monday morning.

US-China 'cold war' will be massive driver of gold US-China 'cold war' will be massive driver of gold US-China 'cold war' will be massive driver of gold US-China 'cold war' will be massive driver of gold US-China 'cold war' will be massive driver of gold

Florian Grummes of Midas Consulting addressing delegates at the Zurich Precious Metals Summit

In his opening keynote speech, Florian Grummes, a technical gold analyst and co-founder of Midas Touch consulting, said the US and China were "already in a cold war, and that would be a massive driver