Outlook 2020, Part II: Gold, U.S. Dollar May Rise; Protecting Capital Is Key

During 2019, equities rallied to all-time highs despite ongoing concerns about slowing global growth.

Brexit woes and U.S.-China trade tensions dominated headlines throughout 2019, but progress made on both fronts—Boris Johnson's resounding victory in mid-December and the possibility of a Phase One trade agreement—eased investor concerns. As well, financial markets virtually ignored Trump’s impeachment, on the assumption his removal from office is unlikely.

During the year, the U.S. Federal Reserve cut interest rates three times, while the European Central Bank's Mario Draghi delivered fresh monetary stimulus before the end of his tenure as the ECB president. In November, Christine Lagarde took over the position.

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Full Text： investing.com

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