Weekly analysis

Chaotic first weeks in the White House. Inflation reaches 2.5% in the US. Increased investment demand. Market thrown off balance. Rise in gold prices. Key points Donald Trump’s policies strengthen bullish prospects for gold in 2017 Most key factors now favourable to rise in gold Significant increase in systemic, political and geopolitical risks Deflation is [...]

Trend reversal in long-term interest rates. Clear return of inflationary expectations. Higher yields in the US and emerging markets. Stay cautious regarding increases in Europe. Key points The election of Donald Trump hastened the end of the global bond bull market The shift in global expectations has caused a generalised increase in long-term interest rates [...]