The combination of geopolitical risks, fiscal concerns, and monetary policy shifts form a bullish case for gold as a hard asset regardless of who wins the election in November, according to Ole Hansen, Head of Commodity Strategy at Saxo Bank. He said that “Trump wants to cut taxes with no credible plans for reducing spending,” […]
Trump vs Harris: Gold wins either way – Saxo Bank’s Hansen Read More »
Key Factors Affecting Gold: Geopolitical Tensions and China’s Economic Issues Drive Gold Demand. US Nonfarm Payrolls (NFP): The US added 142,000 jobs in August, falling short of the 160,000 forecast, indicating a softer labor market. Unemployment Rate: Dropped to 4.2%, with wage inflation rising to 3.8%. Fed Rate Expectations: Markets now see a 70% chance
Gold Eyes $2,500 Amid China’s Deflation; Silver Surges on $970M Acquisition Read More »
Silver gains are expected, driven by a combination of favorable macroeconomic factors and robust demand fundamentals. UBS analysts suggest that long-term investors should consider increasing their exposure to silver, with a target price range of $36-38 per ounce. “In our base case, industrial application demand should still expand by 50mn ounces this year, or close
More Upside Seen for Silver Prices in Coming Months, Says UBS Read More »
Even as gold prices set new all-time highs, net purchases by central banks more than doubled to 37 tonnes in July, and demand is expected to remain strong over the coming months, according to Krishan Gopaul, Senior Analyst, EMEA at the World Gold Council (WGC). “In total, seven central banks added gold (of a tonne
The behavior of U.S. Treasuries during and after the COVID-19 pandemic calls the label as hands-down the world’s “safe haven” securities into question. That’s the key finding of new research presented at the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming. It examines a shift in investor behavior in that period that raises
U.S. Treasuries Not the Safe Bet They Once Were, Research Says Read More »
With no resolution to the gap in sight, as the deficits are widely expected to continue for years into the future, a recent Bank of America report suggests that the declining inventories are starting to ‘make the deficits count.’ Their report also commented on China’s surging silver consumption, which has continued to grow in 2024
Bank Of America Expects Declining Silver Inventories To ‘Make The Deficits Count’ Read More »
The major reason is stubborn inflation cutting into people’s paychecks. Consumer sentiment in the U.S. dropped to an eight-month low in July, according to the Consumer Sentiment Index from the University of Michigan. In a 2024 poll, Gallup found that one-third of Americans mentioned economic issues as the nation’s most important problem. Consumer sentiment in
Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans Read More »
Central bank digital currencies (CBDCs), often referred to as digital dollars, are rapidly gaining traction on a global scale. Over 100 nations are in various stages of developing their own versions. While advocates argue that these currencies could revolutionize financial efficiency and broaden access, there are significant concerns among freedom advocates that they could also
Growing Perils of the Digital Economy: The Rise of the Digital Dollar Read More »
The gold market now finds itself in a longer-lasting gold run than any since the U.S. fully abandoned the gold standard in August 1971. “Over the past five years, the weekly spot price of gold has increased by more than 70%, from around $1,400/oz. in June 2019 to over $2,400/oz in July 2024.” “Prices resumed
Gold’s Safe-Haven Appeal at Its Highest Since 1971 as Economic Storm Brews Read More »
The carry trade refers to investors borrowing money at near-zero interest rates in Japan, and then redeploying that cash into higher-yielding assets around the world, such as stocks and bonds. The unwind of the global yen “carry trade” is a force battering stocks. The Bank of Japan’s rate hike and potential Fed rate cuts triggered
