Deutsche Bank: Central bank gold purchases and ETF inflows drive gold into an "explosive" rally phase

Deutsche Bank believes that the fifth "explosive" rally phase for gold, which began in 2024, is still ongoing. Central bank demand for gold has reached a record high in real USD terms, with approximately half of this demand not reported to the IMF. Global ETF inflows have turned positive again, with Asian buying being particularly prominent. The bank has set its year-end target range for gold at $4,700–$5,100 per ounce, citing the continued expansion of U.S. government debt as the core driver. Current futures positioning remains low, suggesting that the upside potential has not yet been fully priced in.

wallstreetcn29minutes ago

Unexpected Turn to Negative! U.S. Retail Sales Fell 0.6% Month-on-Month in July, Marking the Largest Decline in Over a Year

Just as inflation begins to cool, U.S. consumer spending has suddenly weakened, making the Federal Reserve’s policy choices more nuanced and reducing the likelihood of multiple rate hikes within the year...

wallstreetcnAug 14 20:48

快讯 | 美国零售销售月率意外负增长

US July Retail Sales MoM -0.6% Vs +0.1% Forecast, Prior +0.2%

BreakingsAug 14 20:30

Gold Price Today: XAU/USD Eyes $4,400 After US Jobless Claims Rise

InvestingCubeAug 13 22:16

Gold Rally Faces Make-or-Break Test at 200-Day Moving Average

TipRanksAug 13 21:52

Divergence Among Fed Officials Emerges: Barkin Supports Holding Steady, Hammack Insists on Rate Hike

Richmond Fed President Thomas Barkin supports holding interest rates steady, arguing that inflation stems primarily from temporary shocks, but warns that AI investment and supply chain dynamics could exert persistent price pressures. Cleveland Fed President Loretta Mester, meanwhile, reaffirmed her stance in favor of rate hikes, cautioning against financial stability risks such as U.S. Treasury leverage and an AI bubble. With unemployment remaining low and economic data presenting a mixed picture, the Federal Reserve’s policy path for its September meeting is fraught with uncertainty.

wallstreetcnAug 13 21:30