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Gold Eyes $2,500 Amid China’s Deflation; Silver Surges on $970M Acquisition

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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 […]

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More Upside Seen for Silver Prices in Coming Months, Says UBS

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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

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Central Bank Gold Purchases Doubled in July, Demand Will Continue Through 2024 – WGC’s Gopaul

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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

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U.S. Treasuries Not the Safe Bet They Once Were, Research Says

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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

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Bank Of America Expects Declining Silver Inventories To ‘Make The Deficits Count’

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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

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Consumer Sentiment Tumbles as ‘Recession-Like’ Symptoms Spread Among Americans

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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

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Growing Perils of the Digital Economy: The Rise of the Digital Dollar

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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

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Gold’s Safe-Haven Appeal at Its Highest Since 1971 as Economic Storm Brews

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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

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The Global ‘Carry Trade’ Is Unwinding. Here’s Why It’s a Brutal Force Crushing Stocks Worldwide.

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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

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Mounting Instability in Banking Systems at Home and Abroad

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Economists are sounding alarms after several major banks failed the Federal Reserve’s latest stress tests. Notable institutions such as Citigroup, Bank of America, Goldman Sachs, and JPMorgan Chase fell short in meeting their liquidity requirements. While each bank had unique challenges, the overall results are concerning and raise questions about their ability to withstand financial

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