12/06/2023

Young Chinese spurn traditional investments in favour of gold (Reuters)
“Incomes are not really appreciating, real estate is not really appreciating, the stock market is not really appreciating. Gold is a little bit of a unicorn in this environment.”

EV Boom Drives Miner’s $100 Million Hunt for New Palladium Uses (Bloomberg)
Potential uses include products in hydrogen and solar sectors

Gold’s Bold Move to New Closing High (Sprott)
Central banks and sovereign buying have put a floor under gold prices…

12/05/2023

Gold price hits all-time high as traders bet on interest rate cuts (FT)
Gold remains far from its inflation-adjusted high of about $3,300 per troy ounce achieved in 1980..

UAE: Why is everyone buying gold despite record-high prices? (Zawya)
Huge crowds and busy shops were seen all across the country as people flocked to buy the yellow metal

COT: Speculators add further fuel to gold rally (Saxo)
Firm belief that rates have peaked

12/04/2023

Fitch sees industrial metal prices falling in 2024, gold set to rise (Mining)
Regional debate around nationalizing the mining sector in areas like Chile and Peru had begun to ebb..

Case for gold fever: NewEdge Wealth sees record rush intensifying (CNBC)
“Central banks are again outbidding gold against dwindling supply”

Precious metals take top spot for a second month (Saxo)
Precious metals sector tops the performance table with a gain around 4%

12/01/2023

Gold Inches Closer to Record High as Bets for Fed Pivot Beef Up (Yahoo)
Atlanta Fed President Raphael Bostic said he’s growing increasingly confident that inflation is firmly on a downward path

Saudi Arabia studies graphite, rare earths trading platform (Reuters)
There are currently no exchanges offering contracts for graphite or rare earth metals, both important materials for electric vehicle and the energy transition.

Global commodity markets are in a ‘super-squeeze’ (CNBC)
Paul Bloxham of HSBC explains why supply-side disruptions are the reasons behind the elevation of commodity prices

11/30/2023

Decreasing Inflation Shouldn’t Stifle Gold Prices, Says Strategist (ETF Trends)
Demand should also stay elevated in the 2024 election year for the U.S

IMF, World Bank and BIS in first ‘tokenisation’ collaboration (Reuters)
“encoding policy and regulatory requirements” into a “common protocol”

An Unclassified Peek Inside Fort Knox Gold Depository (Coin Week)
Exclusive from former Director of the United States Mint

11/29/2023

Gold, Silver And Bitcoin Shine Brightly This Holiday Season (Forbes)
Industrial demand for the white metal is expected to hit an all-time high this year

Gold bars and Tokyo apartments:How money is flowing out of China (Japan Times)
an estimated $50 billion a month has been taken out of China this year..

Panama’s top court rules First Quantum contract unconstitutional (Mining.com)
Cobre Panama mine accounts for about 1.5% of global production of copper

11/28/2023

Goldman says ‘shine is returning’ for gold as investors ramp up bets on rate cuts (CNBC)
CME’s FedWatch Tool shows a 25% probability of a cut as soon as March

Gold taking pole position in 2023; rhodium has fallen to the back of the pack (Heraeus)
The gold price is currently 8.4% higher than at the start of the year

Gold price hits six-month high as investors bet on rate cuts (FT)
“The US rate outlook is the key driver for gold”

11/27/2023

ETF Investors Bail On Gold Bullion For 5 Straight Months (Forbes)
Exchange-traded fund investors are falling out of love with gold bullion

China turns to households in fight to slash carbon emissions (Reuters)
Shenzhen’s “Carbon Road for Everyone” scheme, rewards people for logging their use of public transport, is one of dozens of programs around China encouraging citizens to ditch cars, plant trees and cut energy use

Interview: Joe Cavatoni – Chief Market Strategist For The World Gold Council (InvestmentNews)
Gold set to shine in 2024 thanks to increased central bank buying

11/22/2023

Gold prices settle above $2,000 an ounce for highest finish late October (MarketWatch)
“Gold is seeing a pattern of strong buying demand coming out of Asia with India importing significantly more gold in October than was forecasted last month”

What asset tokenization will look like in 2024 and beyond (Yahoo)
A multi-trillion market by 2030

Gold in the MENA Region (BullionWorld)
A Profile of Gold Markets in Saudi Arabia,Turkey, Egypt, Iraq, Sudan, Libya, and the UAE

11/21/2023

How traceability of gold became a focus for independent jewellers (FT)
Certification of small-scale miners provides ethical reassurance

Ray Dalio says U.S. reaching an inflection point where the debt problem quickly gets even worse (CNBC)
The government spent $659 billion on net interest costs in fiscal 2023 to finance the debt..

11/20/2023

Global Silver Industrial Demand Forecast to Achieve New High in 2023 (Yahoo)
Silver Industrial demand is expected to grow 8% to a record 632 million ounces (Moz) this year

JPMorgan adds ‘holy grail’ payments feature as part of blockchain push (Blockworks)
“a real-time and a programmable treasury”

How Can I Use My Gold In A Cashless Society (Robots)
Financial Crisis Protection..

11/17/2023

Singapore to pilot use of wholesale central bank digital currencies in 2024 (CNBC)
Here they come..

IMF chief urges more proactive push for central bank digital currencies (Reuters)
When it rains it pours..

Human Rights Foundation (HRF) Launches Central Bank Digital Currency Tracker (HRF)
So you are informed going forward..

11/16/2023

Fitch says US regional bank challenges to persist in 2024 (Reuters)
“Regional banks lacking in scale will be disproportionately pressured to reduce cost bases and optimize loan composition”

Hong Kong Ousts Dubai as Biggest Hub for Russian Gold Trade (Yahoo)
Hong Kong imported 68 tons of Russian gold this year, four times as much as the whole of 2022

I’m a Gen Z worker who just graduated and started my first full-time job. I was shocked by the 9-to-5 schedule. (Business Insider)
Says it’s really depressing to work a 9-to-5 schedule

11/15/2023

Gold advances as yields, dollar slip after US inflation data (Reuters)
US consumer prices unchanged in October

The case for loosening is getting stronger (FT)
As inflation eases, central banks now find themselves at the most difficult point in the policymaking cycle

‘What the Hell Is Going On at the FDIC?’ Lawmakers Grill Agency Chairman (WSJ)
Accounts of alleged harassment, toxic culture within bank regulator

11/14/2023

Important Silver Demand Drivers To Effectively Double Rate Of Growth Over Next Decade (Silver Institute)
New research indicates that silver industrial demand is forecast to increase 46 percent through 2033

Swiss investors buck the trend of gold ETF divestment (Heraeus)
Funds based in Switzerland bucked the market trend in October by increasing the gold held by 691 koz, or 8% of total Swiss funds’ holdings

Gold demand surges from India to Hong Kong despite price rally linked to Israel-Gaza war (SCMP)
Asia’s legendary appetite for gold is intact in the run-up to peak festival and wedding season

11/13/2023

Gold miners’ AISC still rising, but at a slower pace (World Gold Council)
In Q2’23 the gold miners’ global average all-in sustaining cost (AISC) rose to US$1,315/oz

Here’s Why Moody’s ‘Negative’ U.S. Credit Outlook Matters (Forbes)
Congress continues to fail to pass a budget, a government shutdown next week appears increasingly likely

More than half of Singapore’s rich investing more in safer assets like cash, gold (StraitsTimes)
Study surveyed more than 460 HNWIs in Singapore, Hong Kong, Japan, Thailand, the Philippines, Taiwan and Australia

11/9/2023

UK Sanctions Gold and Oil Traders in New Russian Clampdown (Bloomberg)
UK restricts gold trader Paloma and Howard Jon Baker

Gold ETFs Record Fifth Successive Monthly Outflow In October (Forbes)
Net outflows from these physically backed funds amounted to $2 billion (or 37 tonnes) last month

PLATINUM FOR THE WIN (World Platinum Invest Council)
Next year’s Olympic Games will showcase how platinum-based hydrogen technology can help achieve the goal of net zero

11/8/2023

Gold mining ETFs fail to keep pace with benchmark bullion fund (Reuters)
The correlation between gold prices and gold miners’ shares stands at 0.6 in 2023, down from a historical level of 0.8

Gold retreats as safe-haven rally fizzles, palladium hits 5-year low (CNBC)
“the sooner the first rate cut gets pushed in the forecast, the better it is for gold”

Gold Outlook to Q3 2024 (Wisdomtree)
Galvanized by geopolitics

11/7/2023

Gold stays steady as rates remain at 22-year high (Heraeus)
Possible we will see some of this ‘war premium’ dissipate over the next few weeks..

WeWork’s Multibillion Rescue Couldn’t Save It From Office Bust (Bloomberg)
Once worth $47 billion, set to file bankruptcy, CRE is imploding..

Israel-Hamas conflict pushing gold price to highs, says Newmont boss (FT)
“There are certainly scenarios that you could see it pushing up through record highs, Unfortunately those scenarios for our society aren’t great.” 

11/6/2023

China is Hoarding the World’s Gold (Newsweek)
Responsible for acquiring 181 tonnes out of a total 800 tonnes purchased by central banks worldwide..

Gold ETFs Rebound (NASDAQ)
Can the Momentum Continue?

Colombia Accelerates Plan to Recover Up to $20 Billion in Sunken Treasure (Bloomberg)
The 62-gun Spanish galleon was sunk in battle by the British in 1708