FITCH Solutions warns that a sharp decline in global gold prices, potentially triggered by changes in US trade policies or easing geopolitical tensions, could severely weaken the cedi, surge inflation and interest rates. The rating agency said this could severely weaken Ghana’s external buffers and renew downward pressure on the cedi. In its latest country […]
Tag: Gold Prices
Gold hits new record over US-China trade war fears
Gold has jumped to a fresh high as investors fret over the impact of the trade war between the US and China. Spot gold touched $3,357.40 (£2,540) per ounce on Wednesday, before dipping from its peak. It has risen by around a third since the start of the year. The rise follows comments by the […]