"...history shows that under most outcomes gold will likely rally to well beyond current levels. This is consistent with our previous research which shows that being long gold is a better hedge to such geopolitical risks."
"The missing ingredient compared to this time last year is optimism about the future, with business sentiment regarding prospects for the next twelve months running close to the lowest for at least seven years."
"Everyone got comfortable in that fact that the truce in the trade war had come through and the outlook for 2020 looked a little bit better and then we had another geopolitical reminder come through"
Russia has halted oil supplies to Belarus amid a disagreement over tariffs, according to officials at a Belarusian oil refinery in the northern city of Navapolatsak...
"Some major foreign central banks have made effective use of other new monetary policy tools, such as purchases of private securities, negative interest rates, funding for lending programs, and yield curve control."
The risks to the recovery will be if trade tensions between the US and China escalate again, a rise in geopolitical tensions in the Middle East or if there is a much sharper acceleration of wage growth relative to capex and productivity growth – resulting in a more pronounced rise in inflation.
"The Islamic Republic will no longer observe any limits on the operational aspects of its nuclear program, to include uranium enrichment capacity, enrichment percentage, levels of enriched material and research and development,"
