Gold maintains bullish edge on global growth worries
A weekly market summary for gold, July 1-5
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
GROWING signs of weakness in the global economy along with US protectionist trade policies have raised bullion's appeal substantially for the current term. China's Caixin Purchasing Manufacturers' Index (June 19) continues to illustrate lacklustre figures as global demand stays subdued over rising economic uncertainties.
A prolonged Sino-US trade dispute has imposed considerable headwinds on global growth amid disruptive effects on the global supply chain. With global central banks illustrating a dovish pivot in monetary policy guidance, gold prices look poised to benefit from looming US dollar weakness for the near term.
What should investors look out for in the longer term?
Share with us your feedback on BT's products and services
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
