Luis Fernando Ávila
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The progress in trade negotiations between the U.S. and China has also decreased the appetite for safe-haven demand, adding bearish headwinds for Gold, as the stalemate between the two largest economies in the world led to a strong rally in risk assets this week, Reuters reports.
Investors need to diversify and hedge "to increase certainty about the value of their assets, especially when they have dollar-denominated liabilities maturing," said Mark Haefele, chief investment officer of the Swiss bank's wealth management unit.
"A seismic shift in American exceptionalism is not necessary for these trends to manifest," Bloomberg reports.
Consolidations in the precious metals sector face some headwinds. A major Chinese Gold producer is looking for acquisition opportunities worldwide, although recent price volatility driven by global trade turmoil means it is not rushing to secure deals, Bloomberg reports.
$PAXG
Investors need to diversify and hedge "to increase certainty about the value of their assets, especially when they have dollar-denominated liabilities maturing," said Mark Haefele, chief investment officer of the Swiss bank's wealth management unit.
"A seismic shift in American exceptionalism is not necessary for these trends to manifest," Bloomberg reports.
Consolidations in the precious metals sector face some headwinds. A major Chinese Gold producer is looking for acquisition opportunities worldwide, although recent price volatility driven by global trade turmoil means it is not rushing to secure deals, Bloomberg reports.
$PAXG
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