Gold Climbs Above $4,500 in Historic Rally for Precious Metals | The Opening Trade 12/24
Gold rose to an all-time high above $4,500 an ounce on escalating tensions in Venezuela and expectations for more US rate cuts.
Traders are also betting the Federal Reserve will follow three straight interest-rate cuts by lowering the cost of borrowing again next year, which would be a tailwind for non-yielding precious metals.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson.
Chapters:
00:00:00 – Introduction
00:03:31 – The Agenda
00:12:30 – YOGI DEWAN, HASSIUM ASSET MANAGEMENT, CEO
00:24:55 – France adopts stopgap budget to avert shutdown
00:27:36 – ALEXANDRA IVANOVA, INVESCO, FIXED INCOME FUND MANAGER
00:37:03 – StanChart seeks digital enhancements
00:50:27 – ALTAF KASSAM, STATE STREET GLOBAL ADVISORS, EUROPE HEAD OF INVESTMENT STRATEGY & RESEARCH
00:59:10 – NOVO NORDISK CEO MAZIAR DOUSTDAR
01:15:15 – STEVEN MAJOR, TRADITION, GLOBAL MACRO ADVISOR
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