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Commercial Awareness Update - July 2019!
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<blockquote data-quote="S30" data-source="post: 11837" data-attributes="member: 1550"><p><span style="color: #000000"><strong>3. <u>Rise in Gold Investment (by: [USER=1550]@Sairah[/USER])</u></strong></span></p><p><strong></strong></p><p><strong><strong><span style="color: #000000">The Story:</span></strong></strong></p><p></p><p><span style="color: #000000">The price of gold has reached its highest in six years – climbing as high as $1,398.00 per ounce last Friday. Investors have turned to gold as a <em>safe-haven asset </em>(an asset which holds or increases its value during periods of market and economic uncertainty) amid increasing concerns about the health of the global economy. Recent developments such as the weaker US dollar and the fall of the ten-year US Treasury yield dropping below 2% for the first time since 2016 has contributed to the boost of gold prices. This is because, gold tends to rise in dollar terms when the US bond yields fall. </span></p><p><span style="color: #000000"></span></p><p><strong><span style="color: #000000">Impact on Businesses and Law Firms:</span></strong></p><p><span style="color: #000000"></span></p><p><span style="color: #000000">According to the World Gold Council, almost one fifth of central banks have signaled their intention to increase gold purchases over the next 12 months, as part of diversifying their reserve base. In May, China increased its gold purchases for the sixth-month running, taking its total reserves to 1,916 tonnes. Private banks and wealth managers have also started to shift a small percentage of their clients’ portfolios out of equities and into gold to protect investors from the uncertainties of the market. This is because, the price of gold offers a safety net to investors in times of crisis – as it moves in a opposite direction from other assets, such as stocks and bonds. It can also do well and serve as a hedge when inflation threatens. </span></p><p><span style="color: #000000"></span></p><p><span style="color: #000000">Following on from the G20 Summit, the US and China have agreed to restart trade talks, causing gold prices to decline as much as 2% on Monday. This has boosted investors’ confidence in opting for riskier assets such as stocks. But, the release of the US economic data report this week should help investors better assess how the US economy is performing. This includes whether the Federal Reserve will cut interest rates later this month. If the data shows signs of a weakening global economy – is it highly possible for gold to edge back up.</span></p><p><span style="color: #000000"></span></p><p><span style="color: #000000">To navigate institutional investors from this uncertain situation, international law firms will need to step in, to provide advice with respect to issues such as investment into sovereign wealth funds to portfolio trading practices. </span></p></blockquote><p></p>
[QUOTE="S30, post: 11837, member: 1550"] [COLOR=#000000][B]3. [U]Rise in Gold Investment (by: [USER=1550]@Sairah[/USER])[/U][/B][/COLOR] [B] [B][COLOR=#000000]The Story:[/COLOR][/B][/B] [COLOR=#000000]The price of gold has reached its highest in six years – climbing as high as $1,398.00 per ounce last Friday. Investors have turned to gold as a [I]safe-haven asset [/I](an asset which holds or increases its value during periods of market and economic uncertainty) amid increasing concerns about the health of the global economy. Recent developments such as the weaker US dollar and the fall of the ten-year US Treasury yield dropping below 2% for the first time since 2016 has contributed to the boost of gold prices. This is because, gold tends to rise in dollar terms when the US bond yields fall. [/COLOR] [B][COLOR=#000000]Impact on Businesses and Law Firms:[/COLOR][/B] [COLOR=#000000] According to the World Gold Council, almost one fifth of central banks have signaled their intention to increase gold purchases over the next 12 months, as part of diversifying their reserve base. In May, China increased its gold purchases for the sixth-month running, taking its total reserves to 1,916 tonnes. Private banks and wealth managers have also started to shift a small percentage of their clients’ portfolios out of equities and into gold to protect investors from the uncertainties of the market. This is because, the price of gold offers a safety net to investors in times of crisis – as it moves in a opposite direction from other assets, such as stocks and bonds. It can also do well and serve as a hedge when inflation threatens. Following on from the G20 Summit, the US and China have agreed to restart trade talks, causing gold prices to decline as much as 2% on Monday. This has boosted investors’ confidence in opting for riskier assets such as stocks. But, the release of the US economic data report this week should help investors better assess how the US economy is performing. This includes whether the Federal Reserve will cut interest rates later this month. If the data shows signs of a weakening global economy – is it highly possible for gold to edge back up. To navigate institutional investors from this uncertain situation, international law firms will need to step in, to provide advice with respect to issues such as investment into sovereign wealth funds to portfolio trading practices. [/COLOR] [/QUOTE]
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Commercial Awareness Update - July 2019!
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