If there is one thing that the last couple of months has brought it is increased volatility. Fortunately, in the precious metals space, it has been skewed to the upside.
Key drivers of energy markets will be US-China trade tensions and the potential for a resolution, European economic activity, and supply constraints as new projects are subjected to increasing environmental and social scrutiny.
The macro issue of US-China trade tensions have dominated underlying market fundamentals. Key demand metrics have weaken over the course of 2019 due to poorer sentiment and the actual impact of trade restrictions.