Citi says it has a 'base case' for a sustainable US-China trade cease fire in 2020
- based on 2020 being an election year in the US
Citi bullish on copper, nickel, coking coal and palladium, and says that gold "deserves its place in the portfolio as a hedge against the trade war re-escalating"
And, more from the note:
- phase-one deal bullish for global growth
- we expect a modest grind higher in risk sentiment through at least April/May 2020
