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Metal Tiger Plc

Gold moves higher as US-China relations

Fundamental backdrop

  • Gold trades 0.35% higher as risk assets move lower as the US takes aim at China.
  • The price has converged into a wedge-shaped pattern as it consolidates.

Headlines over the weekend and leading into the trading week have focused on the COVID-19 blame game. Many US analysts believe Trump is taking aim at China due to the US not acting swiftly enough in tackling the pandemic. Remember, the US elections take place this summer and Trump needs to be on the offensive to win votes. 

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.