What does China’s economic revival mean for gold?

Gold demand in China, in particular, investment demand, has benefited from rising concerns for the economy as well as the lowered opportunity cost amid the COVID-19 outbreak and the central bank’s response to it. But with signs of a potential economic recovery emerging, can we expect gold’s attractiveness as a safe haven in China to fade? We believe that the answer is ‘No’.

Posted 3 years 4 months ago

Webinar: Is this the right time for gold?

In this webinar, our Chief Market Strategist, John Reade and Chief Investment Strategist at State Street Global Advisors, Michael Arone, discuss the global impact of COVID-19 and whether gold can help manage this unprecedented market volatility.

Topics include:

  • The effect of government policies to control the pandemic on the global economy
  • Impact of liquidations, fight-to-quality and monetary policy on gold
  • Outlook for the remainder of 2020

Posted 3 years 7 months ago

The Fed cuts rates, increasing gold’s allure

The US Federal Reserve (Fed) announced an emergency 50bp rate cut yesterday, bringing the Fed funds rate down to a 1-1.25% range, in response to ongoing concerns about the potential impact of the coronavirus outbreak to the global economy. Treasury bond rates followed suit, with the 10-year note hovering 1% at the time of writing – an all-time historical low

Posted 3 years 8 months ago