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By CCN: Gold prices have been relatively stagnant for some time, but a precious metals expert says this is about to change.

Martin Huxley, head of precious metals at INTL FCStone in Singapore, commented that uncertainty surrounding global finance, coupled with rising interest rates, has resulted in many countries’ central banks stocking up on gold. Among the major concerns leading to the purchases include the ongoing trade war between the United States and China, one in which China will likely lose.

Second Half of 2019 Will Be Good for Gold

For the most part, gold has retained a price range of between $1,217 and $1,330. At the time of writing, one ounce of gold is trading for about $1,286.

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