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The price of gold hits U.S. $1500 per ounce

Gold and silver prices on the rise

Spurred on by the U.S. - China trade war, as the analysts claim, the price of gold hit U.S. $1500 at the close of trading in New York today (August 7, 2019).

In addition silver prices have also spiked, hitting a 13-month high of $17.

Analysts are suggesting that gold and silver are the two “safe haven” metals for many investors worried about price drops in traditional stocks.

The financial experts are suggesting that the trade war continues to be the key concern in the marketplace. Some experts are predicting the price of gold will be hitting U.S. $1550 by October.