According to the analysts of the Canadian bank TD Securities, the growth of concerns about the prospects for the global economy will help investors continue to be interested in protective assets to preserve their capital.

In the face of uncertainty in the world, private and institutional investors will continue to seek safe safe haven assets for their savings. Particularly closely investors around the world monitor the situation in the American economy.

The fact is that financial markets include in the price of precious metals a 50% probability of a Fed rate cut in October this year. For this reason, in the short term there will be an increased demand for precious metals, the most popular of which is gold.

As it became known recently, statistics on the manufacturing sector in Europe were not as positive as expected. This weekend, data on the manufacturing sector in China will be published. They are also of great interest to both investors and dealers in the precious metals market. From them it will be possible to predict the further development of the global economy.