#MintPlainFacts | #Gold prices reached all-time highs last month despite declining #inflation and strong equities. Somewhere, the contrarian surge indicates the underlying market uncertainty and investor anxiety.
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#MintPlainFacts | In recent months, US bond yields have declined, driven by expectations of easing monetary policy, and they’ve fallen more than inflation. From January to August, the two-year treasury yield dropped by 33 bps, and the 10-year yield fell 24 bps, while inflation decreased by 20 bps between January and July
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#MintPlainFacts | The anticipation of monetary policy has also weakened the US dollar. Since gold is priced in dollars, a weaker US greenback makes it cheaper for investors with other currencies to buy gold.
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#MintPlainFacts | Chinese demand, both institutional and individual, is another critical driver of global gold demand.
The People’s Bank of China began significantly increasing its gold reserves around 2015, in response to rising US-China tensions, particularly over the militarization of the South China Sea.
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The People’s Bank of China began significantly increasing its gold reserves around 2015, in response to rising US-China tensions, particularly over the militarization of the South China Sea.
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#MintPlainFacts | Gold has held strong against physical and financial assets, too. An ounce of gold was worth 30 barrels of Brent crude in August 2024, up from 11 barrels in January 2000
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#MintPlainFacts | While the polycrisis of 2022 may be in the rearview mirror, geopolitical tensions persist across key regions.
Conflict in West Asia poses an upside risk to oil prices, China-Taiwan tensions and maritime disputes in East Asia remain unresolved, and Europe continues to grapple with the effects of the Ukraine war on trade, defence, and politics
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Conflict in West Asia poses an upside risk to oil prices, China-Taiwan tensions and maritime disputes in East Asia remain unresolved, and Europe continues to grapple with the effects of the Ukraine war on trade, defence, and politics
Read here: read.ht
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