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

Summary

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.

Geographies

Topics

Tags