Gold prices have rallied around 45% in the past one year and experts feel there is more room for a price rise as tensions between the US and China has once again escalated over the covid-19 outbreak.
US President Donal Trump on Sunday said that he believes that the outbreak was the result of a “horrible mistake" by China. According to a Reuters report, the Trump administration is “turbocharging" an initiative to remove global industrial supply chains from China as it weighs new tariffs to punish Beijing for its handling of the pandemic.
The fear of a new trade war between the two countries is expected to increase the demand for safe haven assets such as gold, especially given the poor state of the global economy. “Resurfacing trade