Market Comment | All that glitters is gold ahead of G-20 summit
Published on Tuesday, June 25, 2019 | Updated on Tuesday, June 25, 2019
Market Comment | All that glitters is gold ahead of G-20 summit
Summary
Investors sought shelter in safe haven assets with gold prices surging above six-year high level and the yen strengthening due to ongoing geopolitical uncertainties as well as investor caution ahead of today’s Fed Chairman speech and the Trump-Xi meeting on the sidelines of G-20 summit this Saturday.
Key points
- Key points:
- Low expectations that Trump and Xi will reach a meaningful agreement this Saturday
- Geopolitical risk increases
- Consumer confidence falls in the U.S.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Financial Markets
Tags
- Tags
- financial markets
Authors
Vitor Sun Zou
Cristina Varela
BBVA Research - Principal Economist
Documents and files
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