The Bryter founders: Micha-Manuel Bues, Michael Grupp, Michael Hübl (from left)

Stock market investors fear a new coronavirus is spreading from China. It can also affect some world economies. According to experts, the spreading virus will hit tourism, the luxury goods trade and the global demand for fuels the hardest. This is likely to increase investors’ demand for gold, which is a safe haven for them in times of crisis.

Saxo Bank analysts pointed out that there were fluctuations in the financial markets can be observed this week as well. “The stock market has realized that coronavirus in China will also have a significant impact on the economy. Differently preventive restrictions will affect up to 56 million people, ”he says Saxo Bank stock analyst Peter Garnry. He also explains that the slowdown China will automatically be reflected in the global economy.

According to the governor of the National Bank of Slovakia (NBS) Petr Kažimír, it is It is natural that uncertainty causes volatility in markets. “For everyone The world economy holds that every concern, uncertainty evokes a certain volatility, another uncertainty which is then reflected in the opportunities in the financial markets. This is a very serious thing to do already demonstrably reflected in some stock markets of some stock exchanges and world financial centers, “stated Kažimír on Wednesday (January 29) after a government meeting with the proviso that for someone it can be a victory and for defeat someone. “We all want to, as with other threats of a global nature, such a development came under control, “he noted Kazimir.

According to Saxo Bank analysts, if the virus became a long-term problem, it would also affect global demand for fuels. “It would change the way how people around the world get to work, travel and they are on holiday, ”added commodity strategist Ole Hansen. The epidemic according to has and will have a short- and medium-term impact on global demand for fuels. “Oil and all related products in recent days recorded a significant drop in prices. In addition to the stock market, so with the news the commodity market is also struggling with the Chinese virus, “added Hansen. The price of oil fell in 10 days from $ 65 to $ 59.8. “It simply came to our notice then among other things, speculators and funds trading in black gold. Long-term investors prefer to resort to the safe harbor it represents gold and silver, “Hansen said.

Concerns about the consequences of the epidemic are gradually beginning to be felt by foreign exchange as well markets, but according to Saxo Bank, there is no panic yet. The reason for which, according to analysts, gold has not yet hit the $ 1,600 per ounce mark, as was the case with the US-Iran war threat, it is still inconsistent market response, but also concerns about the volume of demand from China.

Golden Oak’s chief operating officer expects the gold price to rise this year Trust František Burda. “They will be backed by a low rating of safe ones investment ports, such as deposits and bonds, decelerating global economy, geopolitical risks and also a new virus spreading from China, which may restrict tourism and international trade, “ added Burda. In addition to large investors, they can take advantage of yellow metal even ordinary people.

“Gold, unlike money, retains its value over time and small would make up at least 10- to 15 percent of the investment portfolio. Slovaks are gradually beginning to discover the benefits of investment gold. It is important to understand what place it has in its portfolio, because it is meant to serve as insurance against unpredictable effects, nervousness on the financial markets, conflicts, currency wars and the like, “added Burda.

Stock market investors fear a new coronavirus is spreading from China. It can also affect some world economies. According to experts, the spreading virus will hit tourism, the luxury goods trade and the global demand for fuels the hardest. This is likely to increase investors’ demand for gold, which is a safe haven for them in times of crisis.

Saxo Bank analysts pointed out that there were fluctuations in the financial markets can be observed this week as well. “The stock market has realized that coronavirus in China will also have a significant impact on the economy. Differently preventive restrictions will affect up to 56 million people, ”he says Saxo Bank stock analyst Peter Garnry. He also explains that the slowdown China will automatically be reflected in the global economy.

According to the governor of the National Bank of Slovakia (NBS) Petr Kažimír, it is It is natural that uncertainty causes volatility in markets. “For everyone The world economy holds that every concern, uncertainty evokes a certain volatility, another uncertainty which is then reflected in the opportunities in the financial markets. This is a very serious thing to do already demonstrably reflected in some stock markets of some stock exchanges and world financial centers, “stated Kažimír on Wednesday (January 29) after a government meeting with the proviso that for someone it can be a victory and for defeat someone. “We all want to, as with other threats of a global nature, such a development came under control, “he noted Kazimir.

According to Saxo Bank analysts, if the virus became a long-term problem, it would also affect global demand for fuels. “It would change the way how people around the world get to work, travel and they are on holiday, ”added commodity strategist Ole Hansen. The epidemic according to has and will have a short- and medium-term impact on global demand for fuels. “Oil and all related products in recent days recorded a significant drop in prices. In addition to the stock market, so with the news the commodity market is also struggling with the Chinese virus, “added Hansen. The price of oil fell in 10 days from $ 65 to $ 59.8. “It simply came to our notice then among other things, speculators and funds trading in black gold. Long-term investors prefer to resort to the safe harbor it represents gold and silver, “Hansen said.

Concerns about the consequences of the epidemic are gradually beginning to be felt by foreign exchange as well markets, but according to Saxo Bank, there is no panic yet. The reason for which, according to analysts, gold has not yet hit the $ 1,600 per ounce mark, as was the case with the US-Iran war threat, it is still inconsistent market response, but also concerns about the volume of demand from China.

Golden Oak’s chief operating officer expects the gold price to rise this year Trust František Burda. “They will be backed by a low rating of safe ones investment ports, such as deposits and bonds, decelerating global economy, geopolitical risks and also a new virus spreading from China, which may restrict tourism and international trade, “ added Burda. In addition to large investors, they can take advantage of yellow metal even ordinary people.

“Gold, unlike money, retains its value over time and small would make up at least 10- to 15 percent of the investment portfolio. Slovaks are gradually beginning to discover the benefits of investment gold. It is important to understand what place it has in its portfolio, because it is meant to serve as insurance against unpredictable effects, nervousness on the financial markets, conflicts, currency wars and the like, “added Burda.