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Surge in China’s Demand for Gold Is Slowing as Economy Stumbles
BySirhcThe jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Source: Bloomberg: Published Jun 19, 2023 • 2 minute read (Bloomberg) — The jitters affecting the world’s second-biggest economy are starting to feed through into China’s gold market. Article content A surge in purchases by Chinese residents, driven by pent-up demand…
Gold Will Beat U.S. Stocks in Turbulent Market, Strategists Say
BySirhcGregor Stuart Hunter, Bloomberg News (Bloomberg) — Gold and U.S. stocks could part ways during a fresh round of market turbulence, ending a three-month period in which their returns were almost yoked. Renewed deterioration of the global economy and more lockdowns to prevent Covid-19 from spreading should hit equities but leave gold standing, according to Societe…
Robust Gold Yields in the Cards
BySirhcSource: By Bart Melek, Global Head of Commodity Strategy, TD Securities After over a decade scraping the bottom, 12-month gold lease rates have moved distinctively higher to trend above 50 bps, as US monetary policy started to tighten aggressively. With the Fed continuing to take rates higher in the face of sky-high inflation, real interest…
How Are Gold And Money Supply Related?
BySirhcM1 and M2 Money Supply numbers are surging. Will gold follow? Let’s investigate an alleged relationship between gold and M2, a measure of money supply in the US. Let’s also investigate what’s happening with M1, a more narrow measure of money supply. READ MORE
Gold prices slide as bond yields and the dollar firm
BySirhcCommodity investors await Powell’s Jackson Hole speech Gold futures on Wednesday edged slightly lower, hovering around the unchanged mark, as a rise in bond yields and the U.S. dollar, both bearish factors for bullion, weighed on precious metals. The moves come ahead of a highly anticipate speech from Federal Reserve Chairman Jerome Powell, who is…
PRECIOUS-Gold sets sights on $1,900/oz mark as haven flows gather steam
BySirhc* Gold up more than 4% so far this week * Silver slips, but headed for best week in over three decades * Dollar index near two-year low, equities retreat (Recasts, adds comments, updates prices) By Eileen Soreng July 24 (Reuters) – Gold resumed its march toward $1,900 on Friday as an escalation in the…