Gold: Favored as a hedge against trade war re-escalating – Citibank
|Analysts at Citibank, in its latest client note, offer their outlook on the commodities, including gold, in the wake of the US-China trade truce.
Key Quotes:
“Have a 'base case' for a sustainable US-China trade cease fire in 2020.
Based on 2020 being an election year in the US.
Bullish on copper, nickel, coking coal and palladium.
Gold "deserves its place in the portfolio as a hedge against the trade war re-escalating".
Phase-One deal bullish for global growth.
We expect a modest grind higher in risk sentiment through at least April/May 2020.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.