Global trade optimism dents safe haven appeal
A weekly market summary for gold, Oct 7-10
SIGNS of progress in US-China trade talks have led to an improvement in global risk appetites. Heightened market optimism for a temporary trade truce between the world's two largest economies dented safe haven appeal as investors pivoted towards interest-bearing assets. A positive outcome from Sino-US trade negotiations will alleviate risk-off sentiments as markets ease up on global recessionary fears.
The precious metal, though facing considerable headwinds from positive market happenings, will remain supported over shaky economic fundamentals and geopolitical uncertainties in the longer term.
What should investors look out for in the longer term?
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