Over the past few weeks, gold and silver have felt the love of investors while the world has suffered from a recession fear. Gold is up nearly 19 percent year-to-date (YTD) while silver has soared 7 percent YTD. The recession anxiety has been triggered due to worsening of the trade war between the U.S. and China which jammed the wheels of global growth to an extent that the biggest economy of the Eurozone has posted contraction in its GDP growth. Today, the German final GDP q/q came in at 0.1 percent.
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Investors are anxious that the Federal Reserve Bank will not be able to save the U.S. economy falling from a recession and cutting the interest rates along with other tools of the monetary policy may not be able to help the country.
Goldplat plc (LON:GDP) is an AIM-listed, profitable gold recovery services company with two market leading operations in South Africa and Ghana.