Is Gold too expensive to buy? [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Markets kicked off the week on a positive note on relief regarding the consumer electronics tariffs – that will not be exempt but will be part of a different ‘tariff bucket’ (20% instead of 145% for those made in China). Then, there was some relief for auto and part makers, as well. As such, the European stocks rallied 2.70% on partial rollback of the tariffs, the US stocks kicked off the week higher but euphoria weakened into the session end on news that the US Commerce Department launched a probe into chips and pharmaceutical imports on national security reasons.

This morning, the futures are flat with Nasdaq futures under pressure. Sentiment is fragile on bipolar announcements from the US that’s taking a toll on companies’ and investors’ ability to make decisions...

Uncertainties persist but the good news is that the pressure on the Treasuries front remains bearable – and that is one place to watch carefully to judge how dangerous volatility gets. The US dollar remains offered, however as gold trades near record highs as price projections are being lifted higher.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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