State Street: Gold ‘Definitely Works’ and is an ‘Inflation Hedge’, ‘Dollar Hedge’ in Era of Heightened Geopolitical Risk’

◆ State Street’s senior multi-asset strategist, Benjamin Jones, discusses the importance of gold in asset allocation on “Bloomberg Daybreak: Europe”

◆ “Bitcoin or gold?” “I prefer gold. Bitcoin is interesting but would I suggest it to my clients … definitely no … but it might be a bit of fun to own on the side”

◆ Gold is a “hedge in an era of heightened geopolitical risk” and period of nations not wanting to rely on the U.S. and not relying on the dollar

◆ This is clearly seen in the amount of gold that central banks such as China, Russia and Poland are buying

◆ There is still a lot of capacity for central banks and investors to buy gold in 2020



NEWS and COMMENTARY

Why silver prices may climb to their highest yearly average since 2014

Gold poised for a weekly gain as virus fears lift safe-haven demand

White House considering tax incentive for more Americans to buy stocks

China quarantines cash in coronavirus-hit areas to prevent spread of deadly disease

Under China’s lockdown, millions have nowhere to go

Goldman ‘Bullish’ on Gold As Metals Gain on Stimulus Bet

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

14-Feb-20 1576.35 1581.40, 1209.60 1214.20 & 1453.08 1456.79
13-Feb-20 1575.00 1575.05, 1213.55 1207.59 & 1447.27 1450.94
12-Feb-20 1566.75 1563.70, 1206.55 1206.55 & 1434.83 1434.54
11-Feb-20 1567.70 1570.50, 1212.77 1211.33 & 1436.01 1438.26
10-Feb-20 1574.05 1573.20, 1219.26 1215.93 & 1437.11 1439.64
07-Feb-20 1568.30 1572.65, 1212.45 1214.56 & 1432.33 1433.63
06-Feb-20 1564.75 1563.30, 1205.95 1206.71 & 1421.89 1 422.45
05-Feb-20 1552.20 1553.30, 1189.30 1198.22 & 1407.53 1411.79



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Mark O'Byrne

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