Today’s top gold news and opinion

3/27/2024

Rate cuts are a good environment for gold investment, says World Gold Council’s Joe Cavatoni (CNBC)
World Gold Council Market Strategist, joins ‘Closing Bell: Overtime’ to discuss gold as the commodity nears all time highs.

GOLD INVESTING HANDBOOK FOR ASSET MANAGERS (World Bank)
The available empirical evidence suggests that some reserve managers respond to relative costs and returns by increasing the share of gold in their reserves when the expected return on financial assets such as US Treasury securities is low, while viewing gold as a hedge against economic and geopolitical risks

Cocoa breaks $10,000 a tonne as shortages squeeze ‘out of control’ market (FT)
Cocoa futures traded as high as $10,080 in New York, more than double their price only two months ago, as traders warned a global shortage of cocoa beans would herald higher price tags for chocolate bars.

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Today’s top gold news and opinion

3/26/2024

Is it a golden era for gold? (JP Morgan)
The metal has historically delivered attractive long-term returns, appreciating ~8% on an annual basis over the past 20 years.

Palladium demand supported for longer after new US emissions law changes (Heraeus)
The US has announced less severe emissions targets that will effectively allow for more catalysed car sales.

Citadel CEO Ken Griffin shares his views on the markets and the industry in 2024 (CNBC)
“There’s no country that’s going to bail America out. We’re going to right our own ship. There’s no IMF for the United States of America.”

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Today’s top gold news and opinion

3/25/2024

Gold prices to hit $2,200 and a ‘dramatic’ outperformance awaits silver in 2024, says UBS (CNBC)
As interest rates dip, gold becomes more appealing compared to alternative investments like bonds.

Exploring the catalysts for a PGM resurgence, with World Platinum Investment Council’s Edward Sterck (Investor Steam)
With the global pivot towards green technology, Platinum Group Metals such as platinum, palladium and rhodium will continue to play a central role in that transition.

Nicholas Frappell: Gold Price Targets for 2024 and Key Drivers to Watch (NASDAQ)
He described US$2,580 as a “much lower probability outcome,” saying it’s more like one in eight.

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Today’s top gold news and opinion

3/22/2024

Gold takes a breather after record, Fed-fuelled rally (NASDAQ)
Traders are now pricing in a 70% chance that the Fed will begin cutting rates in June, up from 65% before the rate decision.

Gold still has upside, despite new record high – BofA Securities (Investing)
BofA Securities still sees owning gold as one of its top trades for 2024.

U.S. Sues Apple, Alleges Tech Giant Exploits Illegal Monopoly (WSJ)
Justice Department says company makes it difficult for competitors to integrate with iPhone

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Today’s top gold news and opinion

3/21/2024

Gold Jumps Above $2,200 an Ounce for First Time on Dovish Powell (Bloomberg)
Bullion has rallied around 11% since the middle of February.

Turks pile into the dollar, gold and stocks as 67% inflation savages ‘worthless lira’ (CNN)
“Since people haven’t seen inflation fall, they don’t trust the Turkish lira anymore”

Peter Krauth: Silver’s Time Will Come, Why Price Hasn’t Moved (Yet) (NASDAQ)
“I believe that you have numerous industrial consumers buying long futures contracts and/or buying silver ETFs, and then asking for delivery. When the futures contracts mature, they can stand for delivery.”

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Today’s top gold news and opinion

3/20/2024

COT: Hedge funds buying expands from precious metals to copper and grains (Saxo)
A week that included the February US CPI, which topped forecasts, thereby reinforcing the Federal Reserve’s cautious approach to cutting interest rates.

World Gold Council: Global Demand for Gold Will Drive Prices Up in 2024 (Swiss Resource Capital AG)
Interview with Market Strategist Joseph Cavatoni from the World Gold Council at PDAC 2024 in Toronto.

Idaho Senate Passes Bill to Authorize State Gold and Silver Reserves (Tenth Admendment Center)
Holding gold and silver in reserve would also create a pathway for Idaho to maintain financial independence should the U.S. dollar collapse, a very real possibility as the world moves away from the greenback as its reserve currency.

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Today’s top gold news and opinion

3/19/2024

Does the gold:silver ratio point silver higher? (Heraeus)
Since 2006, the gold:silver ratio has averaged 60.09 during previous gold all-time-high peaks

To the Governor: Wisconsin Passes Bill to Repeal Sales Tax on Gold and Silver (Tenth Admendment Center)
Repealing sales taxes on precious metal bullion takes a step toward treating gold and silver as money instead of commodities.

Gold Shines As Homebuying Affordability Hits A Record Low (Forbes)
Historically, wars have been catalysts for gold price appreciation, and the current geopolitical landscape appears to be no exception.

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Today’s top gold news and opinion

3/18/2024

“Silver the New Oil the Next Uranium” (Metal Investment Fourm)
Peter Krauth presents at Metals Investor Forum

MYTH OF GOLD: The Magic Metal Born from Stardust (WELT)
Gold is a metal like no other.

Gold Beans All the Rage With China’s Gen Z as Deflation Bites (Yahoo)
Weighing as little as one gram, the beans — and other forms of gold jewelry — are increasingly viewed as the safest investment bet for young Chinese in an era of economic uncertainty.

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Today’s top gold news and opinion

3/15/2024

Here’s What You Need To Know About Gold’s Long-Term Bull Market (Forbes)
In theory, gold should follow the money supply fairly closely and it does.

Where does gold go now? (IG)
Both The Economist and Barron’s have featured covers with bullish market predictions, which could actually be a contrarian signal.

The Biggest Bank Heist in History Is Coming (Coinbase)
Regulators are permitting banks to tokenize financial assets such as bank deposits, U.S. Treasuries and corporate debt.

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Today’s top gold news and opinion

3/14/2024

Gold Expected to Shine Amid Uncertainty (BMO)
Market participants typically dislike uncertainty…

Gold: Unique in every way (Wisdomtree)
Gold has exhibited equity-like returns of +8.5% per annum over the last 20 years with very minimal downside capture.

Bitcoin ETF Volumes Overtake Gold (Bytetree)
Bitcoin and gold assets combined amount to $237bn, and Bitcoin has a 31% growing share…

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Today’s top gold news and opinion

3/13/2024

Gold’s mystery rally baffles analysts (FT)
Hopes of US rate cuts alone are unlikely to have driven latest leg higher, say strategists.

2024 is the year of the rate cut pivot — here’s when the world’s central banks will budge (CNBC)
As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year.

A guide to PGMs (Johnson Matthey)
Because the PGMs are highly recyclable and retain the same properties once recycled, the ‘urban mine’ of metal currently in use will continue to be a valuable source of these metals for many decades…

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Today’s top gold news and opinion

3/12/2024

Gold’s rally could extend beyond the recent record highs (UBS)
Powell’s remarks supported our base case that the Fed will ease by 75 basis points over the course of 2024, most likely starting in June..

The Commodities Feed: Gold nears $2,200/oz (ING)
We expect gold prices to trade higher this year as safe-haven demand continues to be supportive amid geopolitical uncertainty with ongoing wars and the upcoming US election.

PRECIOUS APPRAISAL (Heraeus)
It’s safe-haven vs. speculation as gold hits new highs…

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Today’s top gold news and opinion

3/11/2024

Gold price: the latest predictions and our fund picks (Fidelity UK)
Markets currently attach a 56% probability to a cut in US rates after the US Federal Reserve’s policy setting meeting in June.

Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan (Coindesk)
Bitcoin is 3.7 times more volatile than gold.

Short-Term Options Have Become Popular in Commodities (CME Group)
Shorter-dated options in oil, soybeans and gold have all experienced record trading volume in the past year

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Today’s top gold news and opinion

3/8/2024

A real estate CEO predicts hundreds of banks will fail or be taken over by 2026 (MSN)
Commercial real estate has been hit by declining asset prices, costlier borrowing, and tighter lending.

China’s Gold Splurge Reaches 16th Month as Prices Hit Record (Bloomberg)
Bullion held by the People’s Bank of China rose by about 390,000 troy ounces last month

What’s the Investment Case For Gold? (A Wealth Of Commonsense)
From 1971 to 2023, gold was up 7.9% per year

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Today’s top gold news and opinion

3/7/2024

As gold scales all-time highs, Wall Street analysts say it has even further to go (CNBC)
Analysts at Citi describe themselves as “medium-term bullion bulls,” and see gold as a developed market “recession hedge.”

Gold is flying but miners are left in the dirt (FT)
Cheap targets abound, with some juniors reaching point where investment needs of projects look overwhelming..

Palladium climbs over 10% amid US policy maker’s remarks (Breaking The News)
Palladium skyrocketed 10.56%, selling for $1,028.15

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Today’s top gold news and opinion

3/6/2024

Gold prices sit close to record highs; more rate cues awaited (Investing)
Powell is set to testify before Congress on Wednesday

Gold’s Performance Against U.S., Asian Equities the Past Century (CME Group)
Overall, gold has nearly held its own versus equities over the past 100 years..

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report (Coindesk)
“Work will continue to develop the Contingent Reserve Arrangement, primarily regarding the use of currencies different from the US dollar”

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Today’s top gold news and opinion

3/1/2024

Spring Festival sees healthy gold consumption…but what lies ahead? (World Gold Council)
Gold consumption during the longer-than-usual 2024 Chinese New Year’s (CNY) holiday was robust

Facing Facts: ‘Cautiously Bullish’ on Gold in 2024 (LBMA)
The geopolitical situation is expected to provide continuous support for gold.

Gold Vault (New York Fed)
Learn about the Federal Reserve Bank of New York’s gold vault

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Today’s top gold news and opinion

2/29/2024

Resilient gold market defies lower rate cut predictions (Saxo)
Despite the rising ‘cost’ of holding a non interest paying gold position and the markets current obsession with AI related stocks and cryptos, the yellow metal has done well amid underlying demand for physical gold as well as the softer dollar.

PLATINUM PERSPECTIVES (World Platinum Investment Council)
With palladium oversold and platinum’s attractive fundamentals, both metals have upside.

NBP second biggest gold buyer in the world in 2023 (Warsaw Business Journal)
Gold’s popularity is evident among Polish households, with 13% holding savings in gold, rising to 48% among those aged 18-24.

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Today’s top gold news and opinion

2/28/2024

Gold battles with 50-day SMA (Investing.com)
Momentum indicators turn neutral-to-positive

Gold back in favor as Gen Z buys (China Daily)
Gold jewelry processing and retail enterprises in China have also continuously innovated in the design of gold products, driving the increased demand for gold jewelry.

How Metal Demand will Skyrocket with Electric Vehicles & Electrification in 2024 (Noble 6)
Interview with Matt Watson, President of Precious Metals Commodity Management

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Today’s top gold news and opinion

2/27/2024

Through the lens of gold (CME Group)
Is there a better way to view gold?

Golden Insights: Discover the Role of Gold in Modern Finance! (SWP)
The looming threat of an ‘everything crash’..

Is the Value of Gold Stable? (Econlib)
“An ounce of gold has always bought a good men’s suit”

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