Manufacturing Recession And Gold

What does it all mean for the gold price? First of all, the precious metals investors shouldn't dismiss the recessionary developments in manufacturing. Yes, statistically, it is a small part of the whole economy, but its economic significance is much greater. Having said that, the downturn in manufacturing does not have to cause, or be followed by, overall recession, as tariffs hit mainly industrial sector. It adds to worries, that's for sure, which could strengthen the safe-haven demand for gold, but other major indicators (except the yield curve) have not flashed recession so far. So it seems that gold bulls should not celebrate just yet.

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