Politically and economically this week has been a bit of a rollercoaster – manufacturing performed better than expected and jobless claims are down which is all good news and a boon for stock markets. Germany on the other had released figures which show its manufacturing sector is below the 50 point contraction barrier.
On the other side of the coin, the UK Prime Minister has been forced to ask for yet another delay to Brexit and has announced that he wants to call a General Election just before Christmas. There were scuffles in the White House too as the impeachment enquiry around Donald Trump rumbles on.
The European Central Bank resisted interest rate cuts or policy changes in its meeting this week – but Indonesia has confirmed cuts and Turkey is next.
Amidst all of this uncertainty, gold has held steady above the $1500 marker, making it an ever more solid, stable and attractive haven. Buy now to benefit.
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