As we pass the halfway mark of what has been a record-setting year, volatility and uncertainty continue across all markets.
1. Escalating geopolitical tensions are now competing with the coronavirus for top media coverage. Market volatility can be expected to remain extreme as the pandemic continues unchecked and the U.S. and China begin yet another tit-for-tat exchange of bureaucratic hostilities. 2. The seasonally adjusted number of Americans filing initial claims for state unemployment reversed course…
As the world descends into further uncertainty amid a resurgence of coronavirus cases, investors appear to increasingly be turning to precious metals as a means to help diversify their portfolios against another potential crash in equity markets
Virus cases continued to increase substantially, particularly in the U.S. and some experts now estimate that up to 1 in 150 Americans may now be infected with the coronavirus.
Precious metals, particularly Gold and Silver have picked up renewed interest from investors who are seeking safe-haven assets for their capital as volatility and uncertainty remain elevated around the world.
China is still seeing increasing numbers of cases, but the pace of new infections seems to be slowing and the government claims that the situation there is largely under control.
New coronavirus cases have continued to climb in the U.S. in the wake of massive protests and the reopening of some of the more southern states.
Market volatility has increased amid fears that the U.S. consumer may be forced back into hiding as the virus shows signs of an increasing its spread again.
China has taken full advantage of the chaos in the U.S., using the footage of U.S. police trying to control the violence and looting in their own cities as justification for Beijing’s stance against, and treatment of, protestors in Hong Kong.
COVID-19 continues to generate uncertainty however as more countries begin easing their lockdowns and undertake monitoring for a potential wave of secondary outbreaks.