APAC PRECIOUS METALS CONF: More pronounced impact on gold price if market turbulence escalates, warns WGC

Gold prices have ignored the turbulence afflicting markets at present but a more pronounced impact might be expected should the instability escalate, John Reade, chief market strategist at the World Gold Council, said.

One cause of the current turbulence is less predictability in politics, as seen with Brexit, the election of Donald Trump as US president and the increasing popularity of populist parties in countries such as Italy and France, Reade told delegates at the Asia Pacific Precious Metals Conference on Monday June 5. Other causes include tensions surrounding North Korea and conflicts in the Middle East, he added The global economy...

Published

Vivian Teo

June 05, 2017

18:24 GMT

Singapore