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Currency Volatility Is Back as Geopolitics Add to Dollar Bets

Currency Volatility Is Back as Geopolitics Add to Dollar Bets (Bloomberg) -- Volatility in the currency market is surging as traders bet renewed concerns over geopolitical tensions in the Middle East and faster-than-expected inflation in the US will propel the dollar higher.   A gauge for hedging swings in major currencies over the next month [...] READ MORE

Gold: Yet another investment bank ups the ante as political pressures increase

  It follows the more bullish stance taken by Goldman Sachs, which, on Monday, adjusted its forecast to $2,700 per ounce, up from $2,300, in recognition of a robust bull market.   Both financial giants cite heightened investment inflows and escalating geopolitical tensions as key drivers behind their revised forecasts.   Middle East conflict is [...] READ MORE

Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi

KEY POINTS   Gold prices continued its rally as Middle East tensions spurred demand, lifted by the bullion’s safe haven appeal. Gold prices notched another record close Monday, with the most-active June contract for gold futures settling at $2,383 per ounce. Gold prices continued to hover near record highs days after Middle East tensions flared, [...] READ MORE

Dollar Heads for Best Run in a Year as Fed Seen Delaying Cuts

Dollar Heads for Best Run in a Year as Fed Seen Delaying Cuts (Bloomberg) -- The dollar is headed for its biggest rally in over a year on expectations US interest rates will stay high for longer and as investors pile into the haven currency amid escalating tensions in the Middle East.   The Bloomberg [...] READ MORE

China’s gold market in March: official gold reserves rose further, wholesale demand fell slightly

Key highlights: The Shanghai Gold Benchmark PM (SHAUPM) in RMB jumped by 10% in March and the LBMA Gold Price AM in USD rose by 8%. The SHAUPM ended Q1 with a 10% gain, outperforming major local asset classes 124t of gold left the Shanghai Gold Exchange (SGE) in March, a mild 3t fall from [...] READ MORE

Gold Ignores Negative News: Bulls Overexuberant?

Gold has been hitting all-time highs almost daily for the past two weeks, reaching $2365 in the spot market on Tuesday before the start of US trading. The ability to rise above $2070 per ounce, which gold found in late February, has signalled a break of resistance that has kept gold above since August 2020. [...] READ MORE

Gold ETF Flows: March 2024

Outflows narrowed in March Regional and fund-specific analysis of gold holdings and flows in USD. Gold-backed ETFs and similar products account for a significant part of the gold market, with institutional and individual investors using them to implement many of their investment strategies. Flows in ETFs often highlight short-term and long-term opinions and desires to [...] READ MORE

STAGFLATION & The Longest Yield Curve Inversion in History

In this insightful discussion, Mike Maloney and Russ Gray delve into the complex world of economics, focusing on indicators like the inverted yield curve and its potential implications for the economy. They explore the concept of stagflation, where rising prices coincide with economic stagnation, causing nominal confusion. Through real-world examples and in-depth analysis, they shed [...] READ MORE

Hot US jobs report tempers Fed rate cut outlook

The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Summary March U.S. unemployment report stronger than expected All major S&P 500 sectors advance in broad equity rally Crude oil settles at highest levels since October Gold hits fresh all-time high   NEW YORK, [...] READ MORE