Political and diplomatic turmoil led to fears of a global recession, which has driven investors to buy into gold and drive the price up, analysts said. Photo: Shutterstock Political and diplomatic turmoil led to fears of a global recession, which has driven investors to buy into gold and drive the price up, analysts said. Photo: Shutterstock
Political and diplomatic turmoil led to fears of a global recession, which has driven investors to buy into gold and drive the price up, analysts said. Photo: Shutterstock
Commodities
Business /  Banking & Finance

Traders bullish as gold price is poised for strongest growth in almost a decade, having gained 15 per cent amid Hong Kong protests, US-China trade war

  • Rally is expected to continue next year, with some seeing a further 20 per cent price rise amid geopolitical uncertainties
  • Gold rose 15 per cent in 2019, easily beating Hong Kong’s benchmark Hang Seng Index’s 7 per cent rise

Topic |   Commodities
Enoch Yiu
Enoch Yiu

Updated: 10:53pm, 23 Dec, 2019

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Political and diplomatic turmoil led to fears of a global recession, which has driven investors to buy into gold and drive the price up, analysts said. Photo: Shutterstock Political and diplomatic turmoil led to fears of a global recession, which has driven investors to buy into gold and drive the price up, analysts said. Photo: Shutterstock
Political and diplomatic turmoil led to fears of a global recession, which has driven investors to buy into gold and drive the price up, analysts said. Photo: Shutterstock
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