George Milling-Stanley, Chief Gold Strategist at State Street Global Advisors, expressed strong confidence in gold's upside potential during his latest market analysis. In his opinion, persistent economic uncertainty will continue to fuel demand for safe-haven assets.
A decrease of the indicator value may contribute to the rise in quotes of Gold.
On Thursday, gold prices fell to their lowest level in over a month as the precious metals market faced pressure from easing trade tensions between the United States and China.
According to Josh Phair, CEO of the Scottsdale Mint (USA), Donald Trump's new duties on imported products, regardless of their size, will have a pronounced negative impact on the market for both silver and gold.
In April, China's gold market performed extremely well. However, as head of China research at the World Gold Council (WGC) Ray Jia warns, demand in the country could weaken as tensions between the world's leading economies subside.
The USD publication is expected
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