Robust global risk appetites dent safe haven appeal

TRADE concessions between the world's two largest economies bolstered risk assets significantly as markets eased up on global trade uncertainties. The United States and China has sought to de-escalate tensions before high-level talks take place in the coming weeks.

The European Central Bank (ECB) has announced indefinite stimulus to support lacklustre economic conditions in the eurozone. The ECB will restart its quantitative easing (QE) programme and lower borrowing costs by 10 basis points (bps), thereby setting the tone for policy-easing measures (H2 2019). Safe haven assets (gold) have thus received considerable headwinds over a renewal in global risk appetites.

What should investors look out for in the longer term?