Markets traditionally kick back into high gear after Labor Day, but one should not underestimate this last week of August. Trade talks remain at the forefront and last week’s newest round between the United States and China failed to yield true substance. However, the purpose was to delay the imminence of the third wave of tariffs in which the White House would impose $200 billion on Chinese goods; this, in our opinion, would be the official start of a trade war.
In the previous sections of this edition of the Market Overview, we presented the demand and supply outlook for platinum and palladium. In that part, we would like to analyze the potential benefits of adding these precious metals into the investment portfolio.
The yuan collapse sends China physical gold premium soaring to three-year highs, according to Bloomberg: Two weeks ago, China joined the long procession of countries to declared war on cash and gold. The result has been a new all-time high in the bullion Dealers shops of $40 dollars over spot on the main land of China.