Select Page

There are growing fears that the Delta variant could seriously set back economic recovery hopes as cases continue to rise and whispers of new shut downs begin to emerge. The variant now accounts for the vast majority of cases across the UK and EU and is quickly spreading across America.

With US infectious disease experts warning this week that the spread of the variant means that the vaccination figure required for herd immunity has now increased from 50% to 90% of the population, mask mandates are now being reinstated across the US. Markets are growing increasingly concerned about what this means for economic recovery, which could propel gold to a steep upward trajectory in short order.

Nicky Shiels, group head at PAMP Group said that it’s just a matter of time before gold prices take off, explaining “The excitement/risk-on exuberance behind the massive vaccine rollout globally is being walked back, which ultimately could be a positive catalyst for gold. Not because of fear (risk markets are largely over and immune to the various waves and variants), but because of the post-Delta liquidity implications & expectations and potential policy missteps concentrating a bigger gov.”

Commodity strategists from TD Securities said, “Fears of a spreading Delta variant across the globe are driving fears of stagflation, with the infections potentially denting growth without wiping out supply-side inflationary forces.”

Disclosure
This website is published by The Gold Safe Ltd, a Company registered in England and Wales with Company number: 11994725 a subsidiary of the United Kingdom Asset Company Ltd, a Company registered in England and Wales with Company number: 09784057 and is intended for information and promotional purposes only. The information provided in our free guide is not intended as an offer to invest and should not be construed as financial advice.

Fees: There are no fees for using this website or service.

Contact us: Tel: 0203 695 3400
Web: www.thegoldsafe.co.uk
Email: admin@thegoldsafe.co.uk

Address: 71-75 Shelton Street, Covent Garden, London WC2H 9JQ

All rights reserved copyright 2020 The Gold Safe Ltd

Follow us on:

    Wait! Before You Leave Download The 'Ultimate Guide to Gold Investing'
    FREE of Charge