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Today’s top gold news and opinion


Silver Set to Outperform in 2024 as Gold Loses Luster (Investing)
The gold-to-silver ratio, currently high, could drive demand for silver stocks if it indicates undervaluation.

Gold at $3,000 and oil at $100 by 2025? Citi analysts don’t rule it out (CNBC)
Central bank aggressive purchases, stagflation, and a global recession are catalysts that could drive the price of the yellow metal almost 50% higher.

The Federal Mega-Debt is Here to Stay (Mises)
Many Americans appear to have been lulled into accepting some variant of modern monetary theory

Today’s top gold news and opinion


UK recession prompts spike in gold demand among investors, new data from The Royal Mint shows (IFA)
Following news of the UK economy entering a recession in the latter stages of 2023, The Royal Mint saw a 22% uplift in daily sales of gold last Thursday.

Sticky inflation swipes some of gold’s recent gains..

FBI Director Says China Cyberattacks on U.S. Infrastructure Now at Unprecedented Scale (WSJ)
Pre-positioned malware could be triggered to disrupt critical systems in the U.S.

Today’s top gold news and opinion


Data breach affects 57,000 Bank of America accounts (American Banker)
TA data breach at Infosys McCamish, a financial software provider, compromised the name, address, date of birth, Social Security number, and other account information of 57,028 deferred compensation customers whose accounts were serviced by Bank of America.

Xi Jinping will make the West pay for China’s economic collapse (Telegraph)
It used to be said that when America sneezes, the rest of the world catches a cold. The same might now be true of Beijing…

Gold ETFs See $2.4 Billion in Outflows While Bitcoin ETFs Thrive (Crypto News)
Some speculate that the outflows from gold ETFs are not necessarily flowing directly into Bitcoin ETFs, but rather into US equities driven by the fear of missing out (FOMO).

Today’s top gold news and opinion


China’s gold market in January: wholesale gold demand jumped, official gold reserves rose further (World Gold Council)
The PBoC reported the 15th consecutive gold purchase in January, adding 10t to their gold reserves and lifting the total to 2,245t.

The Central Bank Gold Rush: What It Means for You (Wealthion)
Sheds light on the strategic moves by central banks, the inflation hedge that gold presents, and the ongoing debate between gold and bitcoin as investment assets

Druckenmiller dumps Alphabet, Amazon and Broadcom but Nvidia remains largest holding (Market Watch)
Duquesne Family Office scoops up shares of beaten-down gold miners Barrick Gold Corp. and Newmont Corp.

Today’s top gold news and opinion


The Myth of the Unchanging Value of Gold (Mises)
“They use gold as a measuring rod to keep the value of money stable. Why? Because the yellow metal keeps its intrinsic value better than anything on the planet.”

Gold slides below $2,000/oz for first time in two months after US inflation data (Reuters)
Traders bet Fed will not cut rates until June

Tokenization of Gold (Rooba.Finance)
Blockchain technology emerges as a game-changer, simplifying processes, reducing formalities, and ensuring the secure recording of investment data.

Today’s top gold news and opinion


Gold Monthly: Assessing Fed policy and geopolitical risks (ING)
Gold has been trading in a narrow range so far this year amid a lack of clarity surrounding the timing of the US Federal Reserve’s monetary policy easing cycle.

Year of the Dragon: ‘dragon baby’ frenzy to drive up gold jewellery sales by 30%, gold prices to hit record highs, industry players say (SCMP)
“Gold jewellery sales are expected to increase by at least 30 per cent in the Year of the Dragon because of the “dragon baby” rush and gold prices are expected to hit record highs”

Silver Set To Rise To $30 This Year, But Where Is Momentum? (Investing Haven)
A recent research on the physical silver market revealed a growing supply deficit, suggesting a silver price of $30 in 2024.

Today’s top gold news and opinion


Asia Gold India flips to premium, Lunar New Year sparks buying in other hubs (Reuters)
China premiums at $36-$48/oz range this week

BRICS: 159 Countries Eyeing Russia’s New Payment System (Watcher Guru)
“Russia has a System for Transmitting Financial Messages (SPFS), which is an alternative to SWIFT. Similar infrastructure exists in some other countries. We are holding discussions on the interaction of such platforms, but here the interest and technical readiness of our partners are important”

Tech companies axe 34,000 jobs since start of year in pivot to AI (FT)
Microsoft, eBay and PayPal have each cut thousands of jobs since the start of the year

Today’s top gold news and opinion


Digging into the Future: The Role of Precious Metals and Sustainable Industry Practices (NASDAQ)
Nornickel has engineered a prototype that has created quite a buzz: It’s a catalyst – a substance that can speed up chemical reactions without getting used up. The catalyst is based on palladium.

Palladium price drops below platinum for the first time since 2018 (Reuters)
Palladium demand hugely driven by the auto sector. Auto industry has been replacing palladium with cheaper platinum.

Perth Mint’s gold sales hit nearly four-year low in January, silver sales up (NASDAQ)
Sales of silver products last month stood at 769,326 ounces, their highest level since October 2023, but were still down 38% year-on-year.

Today’s top gold news and opinion


Treasury secretary won’t say whether dept surveils Americans’ purchases: ‘Concerning’ (National Desk)
“Increasingly, we are hearing the federal government is suggesting banks search private financial transactions using highly partisan political terms or check to see if customers made purchases that could be associated with legal sales of firearms or even religious texts,” Rep. Wagner remarked.

Gold sales boom before Spring Festival despite price hike (China Daily)
In the Xi’an Tumen branch of China Minsheng Bank, sales of gold bars increased by 50 percent in January 2024 compared with the monthly average of the second half of 2023.

MAS third-largest buyer of gold globally in 2023 (CNA)
Singapore’s central bank is the third-largest buyer of gold globally last year, adding more than 77 tonnes of the yellow metal to its reserves.

Today’s top gold news and opinion


Silver set for a ‘terrific year’ and could outperform gold to hit a 10-year high (CNBC)
Global silver demand is forecast to reach 1.2 billion ounces in 2024, which would mark the second-highest level on record…

Gold and silver turn defensive on reduced Fed rate-cut optimism (Saxo)
During the past week, the short-term rates market has gone from pricing in more than six 25 basis points US rate cuts this year to less than five.

Correlation Breakdown x 3 in Gold (Bullion Vault)
Over the 20 years to 2023, gold prices rose in 14 Januarys