Gold Catches a Bid Ahead of G-20 Now Here’s What to Watch

  • Published on Jun 28, 2019
  • The Federal Reserve and markets are intensely focused on discussion among world leaders during the Group of 20 summit in Japan as what unfolds will influence the outcome of the global economy, according to Chris Versace, chief investment officer at Tematica Research.
    “It’s a binary outcome,” he said. “Either trade talks are back on and we’re going to work towards a deal, or things didn’t go well and President Trump is going to go forward with that next round of tariffs.”
    Versace stressed that although expectations are high that the Fed will reduce rates in their meeting next month, what happens in the summit will have an effect on their decision.
    “If we come out of this and trade talks are still in process, that means the existing tariffs are still on,” he said. “I think investors are going to get nervous about expectations for the back-half of the year.”
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Comments • 19

  • wayne mcclory
    wayne mcclory 2 months ago +2

    I’m surprised that he didn’t bring up how in the last 30 days Mining stocks have risen 30 to 40% ! Yes they have because regular people are buying them now.

  • uckBay Nguyen
    uckBay Nguyen 2 months ago +1

    This is the most relevant economic news channel. Great work, Daniela

  • 00rphb
    00rphb 2 months ago +1

    Trump going forward with the tariffs are just like that scene from Blasing Saddles, in which the black guy takes himself hostage.

  • Mark Neilson
    Mark Neilson 2 months ago +2

    This guy is one of the smartest you have ever had on.

  • justinhunstad
    justinhunstad 2 months ago +1

    I'd like to make a deal with Daniela

    • co2 hashoil
      co2 hashoil 2 months ago

      She said it won't happen so that's that

  • Jason Kim
    Jason Kim 2 months ago +6

    Defensive business models , gold $1400, & bad economic data - my opinion - recession started in 2nd quarter of 2019 and facing great depression in upcoming tides. Good news for gold and silver 😆 😝.

  • DavidisDawei
    DavidisDawei 2 months ago +3

    The trade war isn't really about trade.
    Tariffs will not be removed

  • Aviro Nevo
    Aviro Nevo 2 months ago +3

    You can heal a 100 year desease in just one one day meeting. America needs an exorcism

  • Two Buckets Prospecting
    Two Buckets Prospecting 2 months ago +1

    Mostly agree with him. Existing tariffs will remain, progress will be made with trade talks, the FED will not reduce rates, but I disagree that investors will get nervous about expectations for the back half. confident, predictable would be my guess.

  • ManagerMr
    ManagerMr 2 months ago +3

    Who needs Gold... When we have Daniela Cambone, finer than pure 24 karat gold.
    Thank you for all your hard work. Without you Kitco would have died a long time ago.

  • Pl CK7_0_7
    Pl CK7_0_7 2 months ago +8

    Gold will go towards $1500 before the Ende of July

  • Pete Cucuzza
    Pete Cucuzza 2 months ago +1

    outro ruins it every time

  • tyronebiggums3
    tyronebiggums3 2 months ago +1

    Buy NG, now!!!

  • Galina
    Galina 2 months ago +16

    The usual G20 BS. All smiles and no subtance. Rotten politicians and bankers.

    • Israel T.
      Israel T. 2 months ago

      Galina. Are you well?

  • Adrian Segura
    Adrian Segura 2 months ago +5

    Even if they make a deal . Tariffs still remain in tack

  • Great Gazoo
    Great Gazoo 2 months ago

    Nice work Daniela!!