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Gold rallies on Treasury yield-curve inversion

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The price of the gold is holding steady above the 1500 threshold. Investors rushed in haven asset following the news of the yield curve inversion mounting fears over the economic recession in the world’s biggest economy. 30-year Treasury bond yield fell below 2% Thursday, for the first time ever. The latest data from China and Germany also signalled a slowing global economy. China has significantly halted the imports of the gold since May, Reuters reported. China cut the shipments by some 300-500 tonnes compared with last year. The price of the bullion has the potential to go up as much as 1600 until the year-end.
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