TradingView: Busy month of events and incidents in October

Precious metals, which have risen sharply this year, are anticipated to make further gains in 2020 in response to heightened global uncertainty and accommodative monetary policies.

THE last week of October was rich in events and unexpected incidents, such as WTO decision to give China the right to impose US$3.579bil in tariffs on US industrial goods for failing to remove anti-dumping duties.

In addition, the S&P reached another record high thanks to a strong monthly jobs report; third consecutive rate cut and non-farm payrolls registering 128,000 m/o/m, above the expected increase of 90,000.