Recent events in the world, especially the situation in Ukraine , which has exacerbated the confrontation between the West and Russia , made the traditional safe havens such as gold, Treasuries and the yen more attractive than risky assets. Starting this process , due care has capital from emerging markets , the U.S. Federal Reserve decision to put an early reduction of the quantitative easing program . Even then, the outflow of investor money from emerging markets. Today the situation has aggravated the confrontation in Ukraine. Falling stock and currency markets in Russia – vivid evidence – analysts say TeleTrade.
This flight is quite traditional and compared with reflex when investors begin abruptly shifted from risky assets in the dollar and U.S. bonds . Besides Ukrainian factor should not be discounted expectations of slowing growth in China and political instability in Turkey, Venezuela and Thailand.
On the other hand , can be regarded as a positive factor in developed markets news . Accelerated growth of the global economy, improved corporate earnings and the same reduction QE3, causing a lot of controversy and forecasts.
Confrontation around Ukraine could also significantly affect energy prices . In general , analysts TeleTrade, the energy sector does not expect critical moments as interruptions in gas supplies through Ukraine unlikely. Even if they will take place , then they are not afraid of Europe , as there is a system of alternative routes and gas storage , which protects against possible problems.
A similar situation can be seen , and in gold. Strong growth rates for this precious metal is observed after changes in U.S. monetary policy . Thus, for the gold situation around Ukraine and other geopolitical and fundamental factors may well be the future growth drivers .
In general , financial markets do not yet see global systemic risks and apparent effect on the world economy . But the situation is quite new and there is nervousness in the markets . Impact of the crisis on a number of assets will become apparent in the near future , although the auction already beginning to confirm predictions .
Tags: goldpriceU.S. bonds