May 24, 2019 Guest(s): Phillip Streible Senior Market Strategist, RJO Futures
Gold prices have been trading range-bound and whether or not prices break out depend mainly on how long the trade war with China lasts, this according to Phil Streible, senior market strategist of RJO Futures.
"I think that if we resolve [the trade agreement] at the next meeting, we could see interest rates start to actually poke back up again, the U.S. economy could get heated up again, and we might have this hawkish tone, but if we have it dragged out over a period of well over another year, we could see that really wane on the economy and that's where your interest rate cuts come in," Streible told Kitco News.