Horizon Holdings Ltd says the value of risk assets including stocks and precious metals surged in the last day of trading before the July 4th Independence Day holiday in the US following a speech given by the Governor of the Bank of England, Mark Carney.

Speaking at the central bank in London’s Threadneedle Street, Mr. Carney warned that more stimulus measures may soon be necessary following the country’s surprise vote to leave the European Union last week.

Citing a deteriorating economic outlook and forecasting a “material slowing” in the world’s fifth largest economy, he said that more monetary policy easing may be required over the summer. The prospect of a reduction in the bank’s already historic 0.5% lending rate and an increase in its £375 billion quantitative easing program sent the country’s benchmark stock index 1% higher and pushed the beleaguered British Pound lower against a basket of currencies.

Precious metals and bonds were additional beneficiaries of the Governor’s prediction for further monetary policy largesse with gold and silver prices closing out the day’s trading 1.39% and 5% higher respectively.

“This was inevitable,” said Raymond Viga, account executive at Horizon Holdings Ltd. “The central bankers are lining the world up for another deluge of printed money and investors are taking refuge in key safe-haven assets. There are far worse places to be than precious metals right now.”

Bond prices, particularly the UK 10-year gilt and the US 10-yr jumped while their yields fell further indicating that buyers are purchasing them at already-inflated values in the expectation that global central banks will eventually expand their bond-buying programs.

Horizon Holdings Ltd says it will revise its price target for gold prices in the light of the latest developments.

About Horizon Holdings Ltd.

Our private asset management methods are unique. We are highly regarded among Asia’s private asset managers and one of the few offshore wealth managers today who also maintain a dedicated investment team exclusively focused on the individual and unique needs of private investors. Unlike many private asset managers, we actively manage our own investments rather than buy off the shelf products. We are committed to the products and solutions we offer and remain accountable for our decisions in a way few other firms do. This deep asset management focus results in thorough, first-hand investment knowledge and experience.