Gold Market Update

Gold Market Update

• 25 Mar 2020

Dear Client,

Please note that the ongoing high price volatility in markets is causing sharp moves in assets and wider than usual spreads in spot markets. This is a result of market makers reducing their risk appetite in the wake of the escalating pandemic.

Specific to gold, major banks across the globe are currently experiencing issues in their quotes, including suspended quotes. This is leading to frequently interrupted trading and abnormal spreads. Within the futures market, its liquidity remains thin and inconsistent.

Do practice extra caution, manage your risks prudently and continue to closely monitor the gold situation.