There’s never a dull moment in politics these days with 2019 having seen more than its fair share of explosive events and crisis. From impeachments to Brexit, trade wars to growing tensions in the Middle East, there have been some pretty seismic shocks this year to date.
This week, it appears to be a little smoother sailing – which creates a window of opportunity to buy now before the turmoil waiting in the wings explodes once again and sends gold soaring.
After a brutal summer for stock markets, there was a welcome reprieve later this week after the announcement that a Brexit deal was on the table against all odds in the UK and Turkey agreed to a five-day ceasefire in Syria. These two welcome pieces of news saw markets gain and temporarily put a hold on gold gains. This means that now is the opportune moment to buy gold and be in the best possible position when prices rise again as expected (if you read our bulletin last week, you’ll have seen that the Australian bank Westpac expects gold to close the year above $1500 and rise through 2021).