Gold: Emerging Markets, Next Black Swan
- Friday, 26 June 2020 01:19
Comments on Friday from the Fed president supported the prices for precious metals when he said, “More support is likely to be needed from both monetary and fiscal policy.”.
An easing of US-China tensions was negative for the safe-haven demand for precious metals.
Safe-haven demand and dovish central bank expectations have sparked fund buying of precious metals in recent months.
“This is completely off the radar screen,” he said. The third phase of the pandemic, he said, will be in the Third World and emerging markets, where it will be harder to contain and harder to recover from.
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