Retail sales jumped 0.7% in March, much higher than expected
Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales increased...
Fed Hiking Rates to 6.5% Is ‘Real Risk’ for UBS Strategists
The combination of strong US growth and sticky inflation is raising the odds the Federal Reserve hikes rather than cuts interest rates, bringing borrowing costs...
At a Brooklyn Pawnshop, Customers Are Flooding In to Sell Gold
(Bloomberg) — Investors and metals traders can’t agree on what exactly is behind gold’s recent rally. At King Gold & Pawn in Brooklyn, the customers...
Could This Mexican Law Change Cause a Supply Crunch?
In this enlightening video, join our host Mike Maloney and esteemed guest Lobo Tiggre from Independent Speculator.com as they unravel the intricate web of challenges...
Gold firms despite stronger dollar as geopolitical concerns mount
By Ashitha Shivaprasad (Reuters) – Gold prices climbed on Monday due to safe-haven demand spurred by Middle East tensions, even as the dollar and Treasury...
Peter Schiff: The Data Looks Grim for the Dollar
April 15, 2024 by SchiffGold 0 4 Peter’s back in Puerto Rico this week for his podcast after another week of record gold prices. In this episode, he...
Gold and Silver Alert: Market Turmoil May Unlock Historic Buying Opportunity
Following the recent attacks by Iran on Israel, significant market volatility is expected, as described by Peter Spina of GoldSeek.com. The heightened geopolitical tensions may...
Goldman Sachs 2700, Bank of America 3000, and UBS 4000!
金价会再次挑战分析师预期吗? 近期市场表现最抢眼非黄金莫属,现下金价涨势之迅猛似乎任谁都拦不住。 虽说中东地缘风险上升带动避险需求,但本轮上涨还与其他众多因素相背离。 既无法按照美联储政策逻辑解释,央行购金也无法合理化金价历史新高,同时金价大涨还与黄金ETF流出相背,推动反弹的“神秘力量”令分析师困惑不已。 不过看不懂归看不懂,华尔街大行还是后知后觉地一个接一个上调黄金年底目标价:高盛看涨到2700美元,美银预期是3000美元,瑞银则喊出4000美元的高位,较当前价格翻倍。 高盛看涨到2700美元 高盛认为“恐惧”的力量将使金价在今年年底升至2700美元/盎司,高盛在报告中指出: 传统宏观因素已无法充分解释金价上涨速度和幅度,尽管市场预期美联储降息幅度减少、经济增长趋于强劲且股市创纪录,但金价仍在过去两个月上涨 20%。 事实上,自2022年中期以来,金价的大部分上涨是由新的增量因素“恐惧”推动的,包括对货币体系难以维持的“恐惧”、新兴市场央行对货币贬值的恐惧、对美国财政可持续性以及大选的“恐惧”。 对货币体系难以维持的“恐惧”:这一恐惧是结构性的,市场对美元支持的国际货币体系的信心受到挑战。像最近一段时期黄金和实际利率一起上涨,表明风险偏好明显转向实物资产,市场对金融体系信心收到挑战。 新兴市场央行对货币贬值的恐惧:新兴市场央行加速黄金积累的是对地缘政治和货币贬值的担忧,而直接持有黄金的偏好又进一步加剧了这种担忧。 此外,美国财政可持续性担忧,加上选举周期带来的尾部风险,可以被视为酝酿结构性恐惧的另一个特征,对黄金购买产生积极影响。 尽管降息尚未到来,但在各国央行需求、美国财政状况和地缘政治形势的推动下,黄金将继续表现优异。 美银预期是3000美元,也看好白银表现 美国银行大宗商品策略师Michael Widmer给出3000美元/盎司的目标价,同时看好白银表现: 黄金和白银受到各国央行、中国投资者以及越来越多的西方买家的推动。宏观因素利好金银,其中包括美联储年内将要降息,一旦降息落实,黄金购买应该会扩大,可能会进一步推高黄金价格。 但一些传统的支撑因素表现疲软,金价与实物支持的ETF的正向关系已经破裂。 实物支持的ETF资产管理规模一直在下降,大部分资金外流都是由投资顾问(通常是散户投资者的代理人)清算推动的。同样的,机构方面净商业期货头寸也远低于近年来的高点。 白银也能从中受益,工业需求走强也将提振了银价,未来12个月内或升至30美元/盎司以上。 瑞银喊出4000美元的高位 瑞银预测金价可能会从现在接近翻一番,达到4000美元/盎司,并认为现在参与本轮黄金反弹还为时不晚。 最近金价的飙升让我联想到一句名言:“几十年什么都没有发生,然后是几周内发生了几十年的事。” 历史数据表明,金价可能会长期处于低迷状态,但一旦突破,涨势往往会迅猛而激烈。...
One Bank [Finally] Says Quiet Part Out Loud On Gold Manipulation
TL;DR [O]bvious temptation on the part of a major central bank to seek to try to manage the gold price.“ “[A] soaring gold price is...
Today’s top gold news and opinion
4/15/2024 New Sanctions on Russia to Drive Even More Metals Sales to China (Bloomberg)Shanghai becomes the only major bourse to accept Russian metal China’s gold...