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Tuesday, June 25, 2019

Market Comment | All that glitters is gold ahead of G-20 summit

Investors sought shelter in safe haven assets with gold prices surging above six-year high level and the yen strengthening due to ongoing geopolitical uncertainties as well as investor caution ahead of today’s Fed Chairman speech and the Trump-Xi meeting on the sidelines of G-20 summit this Saturday.

Key points

  • Key points:
  • Low expectations that Trump and Xi will reach a meaningful agreement this Saturday
  • Geopolitical risk increases
  • Consumer confidence falls in the U.S.

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