Gold may be entering a binary event as Trump-Xi are set to meet

MarketWatch/Nigam Arora/6-24-2019

“The next big event is a meeting between President Trump and President Xi at the G20 in Osaka, Japan, on June 28-29. If the two sides strike a good long-term deal, the probability is high for gold to fall as much as $100 an ounce in a short period. On the other hand, if the acrimony between the two sides drastically worsens and Trump goes ahead with additional tariffs, the possibility of gold rising by as much as $200 an ounce over a period of a few days is not out of the question.”

USAGOLD note:  Interesting speculation on the future price of gold in the context of the upcoming meeting between Trump and Xi scheduled for this week in Japan.  No matter what comes of that meeting, it will not change, in our view, the fact that prudent investors will continue building physical gold and silver positions for the purposes of long-term asset preservation – including a good many in both China and the United States.

Image courtesy of the World Gold Council

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