Gold rises to $1,500 an ounce for first time in six years

Rise comes amid concerns over US-China trade conflict and European markets

The price of gold has risen to $1,500 an ounce (1,234.45 at market rates on Wednesday) for the first time in six years as investors seek shelter in low-risk assets amid concerns about the global economy.

The spot gold price rose 1.75% to $1,500.29, its highest level since 2013, taking the metal's gains this year to 17%.

"Three more Central Banks cut rates." Our problem is not China - We are stronger than ever, money is pouring into the U.S. while China is losing companies by the thousands to other countries, and their currency is under siege - Our problem is a Federal Reserve that is too.....

....proud to admit their mistake of acting too fast and tightening too much (and that I was right!). They must Cut Rates bigger and faster, and stop their ridiculous quantitative tightening NOW. Yield curve is at too wide a margin, and no inflation! Incompetence is a.....

....terrible thing to watch, especially when things could be taken care of sooo easily. We will WIN anyway, but it would be much easier if the Fed understood, which they don't, that we are competing against other countries, all of whom want to do well at our expense!