WGC ‘optimistic’ about gold’s H2 performance
Gold investors saw their fortunes change during the second quarter, after benefiting from gold’s strong performance in the first quarter, says the World Gold Council (WGC) in its midyear outlook.
“The first half of 2018 proved quite eventful for financial markets. Stocks experienced a few pullbacks during the first quarter as geopolitical tensions rose, but have been generally trading upward since the start of the quarter.
So far, investors seem to have shrugged off the escalating trade war rhetoric between the US and many of its trading partners or, at least, discounted the effect it may have on long-term economic growth,” says the WGC.
The council expects positive, but uneven, global economic growth, the threat of trade wars and its impact on currencies and rising inflation – coupled with an inverted yield curve – to influence gold’s performance in the second half of this year.Article Enquiry
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