Commodities Roundup 2019: Geopolitical concerns augur well for gold prices Updated : December 27, 2019 03:20 PM IST The rally in gold prices is led by the trade dispute between US and China. Globally, central banks decisions have supported gold prices at its lows. Investment demand in global gold backed ETFs witnessed a rise of 110 percent YoY. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.