Gold clocks 4-month high over rate-cut expectations
A weekly market summary for gold, June 3-7
Add BT as a preferred sourceGLOBAL growth prospects have turned increasingly dim as US President Donald Trump escalates trade protectionist policies on multiple fronts. Risk assets have unravelled from 2019 highs as investors contemplate subdued global economic momentum in the coming term (H2 2019).
The precious metal received a significant boost this week as US Federal Open Market Committee officials illustrated a dovish pivot over growing downside risks. US rate-cut expectations and signs of fragility in the global economic backdrop will bolster safe haven demand as traders brood over looming US dollar weakness for the current term.
What should investors look out for in the longer term?
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