• Trade dispute may evolve into trade war

• Many nations including eurozone, UK, Canada, Mexico and China in focus

• The U.S. Treasury may label some nations currency manipulators

• Gold has soared to a record high at $2956 in reaction

• Gold's rally is very stretched, otherwise it may be much higher

• Gold is at, or above peak Bollinger bands for all time periods

• $3000/oz is highly popular target, hence potentially big hurdle

• Traders are shunning dollar which could prove costly

•
gold and betting

(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)