DAILY MARKET REPORTS
Bloomberg TV – May 29, 2020
Standard Chartereds Suki Cooper on ‘Downside risks to Gold’.
May 29, 2020
Trending topic:
Disconnect – Futures & physical delivery.
Reuters – May 29, 2020
Gold holds steady – awaiting Trumps press conference on China.
Wall Street Journal – May 19, 2020
Silver rebounds from March lows – due to silvers dual role as industrial metal & safe haven asset.
Financial Times – May 18, 2020
“Investors remain defensively focused because of their concerns about coronavirus” – State Street Global Advisors.
Reuters – May 15, 2020
Deteriorating US-China relations, expectation of low interests for a longer period and the decreasing likelihood of a V-shaped recovery supports gold. Up 2% + on the week.
Financial Times – May 14, 2020
AJ Bells post best & worst performing funds since March 23rd.
Reuters – May 13, 2020
Gold indecisive as strong forces pull in both directions as investors await Powells speech & FEDs view on negative rates.
Bloomberg – May 13, 2020
Goldman Sachs’ Currie ‘We still really like gold”.
Reuters – May 12, 2020
China waives earlier imposed tariffs on ores of rare earth, gold & silver – effective from 19th of May 2020.
Bloomberg – May 11, 2020
ETFs tracking gold 1:1 have attracted $14.5 billion in less than five months, topping the $11.7 billion that flowed into the funds in 2009.
Unprecedented stimulus and lower interest rates to mitigate the economic fallout from the Covid-19 pandemic has stoked demand for risk assets, including equities.
Reuters – May 12, 2020
Gold inches up on fear of potential second wave of infections, the prospect of negative FED rates & resurgence of US-China trade issues.
Financial Times – May 9, 2020
Ruffer Gold Fund from Ruffer Asset Management tops list of best-performing investment products this year due to high Gold exposure in crisis-times. Also among the high returns are Baillie Gifford American Fund with its focus on tech stocks like Zoom & Netflix.
Financial Times – May 7, 2020
Silvers upside could begin to materialize over the next year with production returning to normal. Silvers role in the production of electronics and solar panels will be the main driver for closing the gap with gold.
Financial Times – May 5, 2020
Hedge funds bet on gold as refuge from ‘unfettered’ currency printing.
Reuters – May 5, 2020
Gold slips as virus-led curbs ease; tariff worries persist.
Reuters
Gold falls as risk appetite improves amid easing lockdowns
Financial Times
Jim Rogers on trading Commodities in the current environment.
