Flight into safe haven assets underway – OptionsDesk
–News Direct–
OptionsDesk broker Richard Perry speaks to Thomas Warner from Proactive London about the impact of recent global geopolitical volatility on financial markets. Perry notes that the markets experienced a spike in volatility last Friday before pulling back in anticipation of what comes next.
He explains that one noteworthy trend during this period of uncertainty has been the rush towards safe-haven assets. Gold, for instance, rallied significantly, reaching three-week highs, with prices testing downtrend resistance.
Perry suggested that the ongoing geopolitical uncertainty could lead to further upside moves in gold and other safe-haven assets. Looking ahead, Perry outlinea key events for the week. These include economic data releases and earnings reports from major U.S. compani...
