Gold prices are 0.19 percent higher on Friday as safe haven flows are pouring into the yellow metal amidst US-China trade negotiation uncertainty. Investors looking for safety as stocks are trading under pressure as no details have emerged. The true cost of a full-on trade war is hard to quantify and there is still time to smooth the differences but this time the market might need more than positive comments to once price in a positive outcome.Gold will continue to rise if uncertainty surrounds the nature of the US-China conversations going into the weekend.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
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