I have seen more than my fair share of financial crises during my time in the U.S. government. I was the assistant secretary of the U.S. Treasury for financial institutions during the 9/11 terrorist attacks and chair of the Federal Deposit Insurance Corp. during the 2007-2008 financial crisis. The U.S. government resorted to deficit-financed spending […]
U.S. Debt Could Drive the Next Financial Crisis Read More »
The gold market continues to consolidate near its record above $2,750 an ounce. Despite the precious metal’s 33% rally so far this year, one analyst says this is still the calm before the storm, and now is the time for investors to be overweight in commodities, specifically gold. In a recent interview with Kitco News,
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The yellow metal, which has become increasingly attractive as other traditional “safe haven” assets face mounting risks. According to strategists at Bank of America, investors – which includes central banks – should rotate into gold as a form of wealth protection against stubborn inflation and debt debasement caused by endless fiat printing and government borrowing.
Gold Shines as Ultimate Safe-Haven Asset, Set to Hit $3,000/oz by 2025 – Bank of America Read More »
The start of the Fed’s rate-cutting cycle means interest rates are coming down and the dollar will start to wane, said GraniteShares Advisors founder Will Rhind. “That’s good for gold,” he said in an interview. “The next kick-up for gold will be if there’s a sense that we’re heading into recession, and the fear factor
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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
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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
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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On July 3rd, Citi analysts introduced a model for understanding and predicting gold prices, aiming to revitalize investment in this asset with a comprehensive, regime-independent approach. The model explains annual gold price movements over the past 55 years and quarterly changes over the past 25 years, identifying key price drivers. Citi’s model highlights that investment
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Citi analysts have introduced a framework for understanding and forecasting gold prices. Central to Citi’s framework is the idea that investment demand, from both private and public sectors, as a share of gold mine supply, is the primary driver of gold pricing. Citi forecasts that gold investment demand will continue to rise, potentially absorbing almost
Citi: $2,700 – $3,000 by 2025 – Gold Investment Demand to Rise Read More »
