Today’s top gold news and opinion

1/2/2024

Christian Brenner: And That’s When Gold Comes In (FINEWS)
Gold is increasingly being used as a hard asset, like cash, as a backup to protect against IT failures and cybercrime

China’s net gold imports via HK rise (Business Recorder)
Total gold imports via Hong Kong were up 37% at 46.049 tons compared to last month and up 120.9% from last year

On New Year’s Eve 1974, You Could Own Gold Again (Forbes)
On December 31, 1974, the federal government once again permitted Americans to own gold.

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Today’s top gold news and opinion

12/21/2023

Gold gains traction among country’s investment options (China Daily)
Wealth preservation and security exceeded in importance to increasing the value of China’s wealth

Using AI to inform next-generation trading strategies (Fow)
AI tools can deliver immediate value that can be used to improve services and internal processes, often through the automation of complex tasks

Warren’s surveillance legislation is tailor-made to help big banks (CoinTelegraph)
Warren’s Digital Asset Anti-Money Laundering Act would shut crypto providers down, playing into the hands of the banking industry.

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Today’s top gold news and opinion

12/18/2023

Costco gold bars were a hot holiday buy — while they lasted (Business Insider)
Sales of the one-ounce bars are limited to two per membership and sell out “within a few hours.”

Falling inflation might not dent gold’s rally (FT)
TPrecious metal can gain even if the US economy heads to a soft landing

Peak Gold—Evidence And Implications (Forbes)
Experts think peak gold may have been reached in 2018. In that year, production fell by 1%.

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Today’s top gold news and opinion

12/152023

Gold touches 10-day high as Fed hints at lower US rates next year (Reuters)
Palladium advances 11% in best session since March 2020

Bank of America: Bullish on gold into summer (CNBC)
The “Halftime Report” Investment Committee debate their top metal picks

China’s gold market in November: premium elevated, gold reserves rose further (WGC)
Pushing its reported gold reserves up by 12t to 2,226t

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12/14/2023

Gold’s premature FOMO surge leaves it short-term challenged (Saxo)
Gold remains on track for its best year since 2020

A Paradigm Shift in Japan’s Gold Market (SMBA)
Gold is garnering more attention in Japan than ever before

Monthly Gold Compass December 2023 (Incememtum)
Data Visualized as of end of November

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Today’s top gold news and opinion

12/13/2023

Commodities Outlook 2024: Cautious optimism (ING)
Precious metals are likely to move higher next year, and we see gold trading to new record highs in 2024

Inflation will have to get a lot worse to justify gold’s current price (Morningstar)
Inflation is not nearly high enough to justify gold’s recent rise to a new all-time high

Asset Tokenization on Blockchains Could Increase Systemic Risks: BOE (CoinDesk)
“International coordination can reduce the risks of cross-border spillovers, regulatory arbitrage, and market fragmentation”

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Today’s top gold news and opinion

12/12/2023

China faces the risk of a debt-deflation loop (FT)
“Sustained deflation can be highly destructive to a modern economy and should be strongly resisted.”

Gold is settling after its brief burst of life; silver has a speculative overhang (City Index)
Now is the time for gold to pause for a breath, with technical factors deteriorating.

Saudi targets one million ounces of gold production by 2030 (Zawya)
Mining revenues soar by 35%

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Today’s top gold news and opinion

12/11/2023

Further consolidation required? (Goldmoney)
Conditions are set to remain tight in physical markets

Gold Has Been An Excellent Barometer In The 2000s (Forbes)
The great missed opportunity of the 1980s and 1990s was not to reintroduce a formal gold standard when gold was low..

Gold’s Fickleness Makes It Bitcoin for Boomers (Bloomberg)
The yellow metal has become untethered from financial fundamentals

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12/08/2023

Gold could hit $2,200 by the end of 2024: UBS (CNBC)
why macroeconomic factors, not geopolitics, will send gold prices higher in 2024

Silver Price Forecast (Nasdaq)
Silver Attempts to Stabilize

The Ghost of Vibecessions Past Is Haunting Our Holidays (Bloomberg)
Biden administration officials telling voters the economy is in excellent shape only adds insult to injury….

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12/07/2023

Gold firms as spotlight shifts to US jobs print (Reuters)
Focus shifts to US non-farm payroll on Friday

Why Gold Prices Are Hitting Records (WSJ)
Bets on the Federal Reserve cutting rates early is helping propel gains

Investors Bet on 44% Argentine Peso Devaluation After Milei’s Debut (Bloomberg)
Move signals beginning of end for country’s capital controls…

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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…

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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

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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%

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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

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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

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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

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Today’s top gold news and opinion

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”

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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

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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

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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..

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