The recent escalation in global trade tensions and ongoing weakness in the world economy have led to a sell-off in risky assets, including most industrial metals. In contrast, the price of gold has received a boost owing to a rise in safe-haven demand. Looking ahead, we expect that global economic growth will slow in the coming months, which we think will simultaneously lower the prices of industrial metals and support the prices of gold and silver.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services