Daily Market Update

World’s Richest Investors See Sharp Market Drop In 2020 – UBS Survey

  • 3,400 high net worth investors with at least $1 million in investable assets were surveyed by UBS
  • Fifty-five percent of respondents expect a significant drop in the markets at some point in 2020.
  •  The super rich have increased their cash holding to 25% of their average assets, the survey showed.

A majority of the most wealthy investors around the world are bracing for a big sell-off next year, according to a UBS survey.

You can read the full article on CNBC.com by clicking here…

NEWS and COMMENTARY

Gold gains as U.S.-China trade uncertainty lingers

Gold prices decline to lowest finish in just over a week

Moody’s downgrades outlook for German banking system to negative

Germany dodges recession in third quarter thanks to exports, spending

Putin predicts 10-year COLLAPSE of EU – and compares event to Soviet Union fall

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

21-Nov-19 1468.90 1467.05, 1134.43 1133.15 & 1325.09 1324.01
20-Nov-19 1475.70 1471.70, 1143.52 1138.95 & 1333.74 1328.36
19-Nov-19 1464.90 1468.45, 1132.37 1134.23 & 1323.68 1325.86
18-Nov-19 1458.40 1467.65, 1124.86 1132.59 & 1318.10 1325.88
15-Nov-19 1465.60 1466.90, 1138.04 1136.41 & 1329.59 1327.84
14-Nov-19 1467.65 1466.65, 1141.39 1142.52 & 1334.24 1333.18
13-Nov-19 1463.45 1462.90, 1138.86 1140.62 & 1328.23 1328.46
12-Nov-19 1455.00 1452.05, 1134.03 1130.42 & 1319.69 1318.17
11-Nov-19 1465.50 1458.70, 1144.41 1132.39 & 1328.33 1321.87
08-Nov-19 1466.85 1464.15, 1144.58 1142.62 & 1328.09 1328.13


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Mark O'Byrne
Executive Director

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