At the end of 2019, professionals predicted that a great market shift is coming in 2020. And here we are, 70 days into the new decade seeing unprecedented changes in the markets from all sectors and industries.
A global slowdown in activity is bound to affect the overall volatility of the markets. With the unpredictable ups and downs in the economy worldwide, people are seeking real alternatives and it is in times like this that we appreciate physical commodities.
Gold prices soared 20% in 2019, hitting a peak in September. With recession fears and global uncertainty, this ‘safe-haven’ asset was a trusted commodity. The upsurge in gold prices has impacted the jewelry industry that uses gold as a commodity material instead of a commodity asset. The increasing gold prices and decreasing diamond prices are interlinked according to an analyst at Citigroup.
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