Broader demand for safe havens remains intact, despite paring recent gains   

27 August 2019 : Safe haven assets are giving up some of their recent gains - Gold has moderated towards $1530 despite breaching $1555 on Monday, the Japanese Yen couldn’t hold its stay below the 105 mark against the US Dollar, and 10-year Treasury yields’ presence below the 1.50 percent level proved short-lived. Markets are finding any excuse to push back into risk-on territory, although such forays may be based on fleeting emotions. Given the persistent nature of the US-China trade conflict, which has injected greater doses of recession fears into the markets, the overall demand for safe haven assets is expected to remain resolute. With new and heightened tariffs set to be levied on US and Chinese goods by next week, safe haven assets could still claim more upside over the near-term.

Source: FXTM Market Analyst Han Tan

Reporting for EasyKobo on Tuesday , 27 August 2019 in Lagos, Nigeria

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