The world watched on Tuesday as an unprecedented meeting took place between President Trump and North Korean leader Kim Jong Un in Singapore. What seemed unthinkable just months ago came to fruition and will, more likely than not, have a significant impact on the global economy within the weeks to come. What you (as our valued customers who look to us to buy your gold at the best prices), assuming you’re reading this, should pay attention to is how this will affect gold prices going forward. Results stemming from the meeting are hard for the market to gauge as multiple issues can be addressed. This type of uncertainty can surely boost the price of a safe-haven commodity such as gold. This unpredictability, coupled with the recent trade tariffs that President Trump has slapped on various imports including steel and aluminum, could lead to trade losses and stall economic growth, which can furthermore proliferate gold prices.
Trump-Kim Summit influencing gold market