Precious metals on the podium but poised to go further still

Extremely elevated levels of economic uncertainty during the ongoing pandemic have resulted in a surge in demand for safe-haven assets. Among such assets, the US dollar is failing to deliver on its defensive promise in the current crisis while government bonds are offering very low or negative yields. This has accelerated the shift towards gold which not only serves as a hedge against short-term economic and geopolitical risks, but also provides effective protection against the return of a healthy level of inflation in the medium-term. Gold, however, is not alone on the podium of top performing assets this year. Silver has outpaced gold in recent weeks and platinum and palladium too are joining the action. Despite the recent gains in price for precious metals, the skew of risks still appears to be on the upside given the economic outlook and the risks on the horizon. Join our commodity strategists as they discuss why precious metals have led the way in markets this year and why they remain attractive going forward. This webinar is CPD certified.