Gold short squeeze enters second phase: macro signals align with technicals, $4,500 emerges as key resistance

Analysis indicates that the technical outlook for gold confirmed a bullish crossover with the 50-day moving average on the 21st, while the macroeconomic landscape saw a return to dual resonance driven by Federal Reserve interest rate expectations and Japan's ultra-long-end yields.

wallstreetcn12:27

As the 60/40 portfolio strategy falters, is gold taking center stage as a defensive asset? Morgan Stanley’s Wilson: The bull market will continue into 2025.

Mike Wilson, Chief Investment Officer at Morgan Stanley, argues that the simultaneous decline in equities and bonds in 2022 exposed the defensive limitations of the traditional 60/40 portfolio. As the correlation between stocks and bonds rises, investors need to seek new hedging instruments, thereby enhancing gold’s allocation appeal. The bank forecasts that the Federal Reserve will cut interest rates once each in January and March 2027; if this path materializes, ETF funds are expected to flow back into the gold market.

wallstreetcn16:34

U.S. Dollar Index Sinks to Three-Month Low After Weak Job Data; BTC Slumps as Gold Rises

TipRanks01:11

“With U.S. debt nearing $40 trillion, going long on gold is the optimal strategy for now!”—Latest outlook from Bank of America’s Hartnett

Hartnett pointed out that U.S. Treasury debt will not only surpass $40 trillion in the coming days but is also on track to hit $50 trillion around 2029. In this environment, Hartnett believes that going long on gold is the optimal strategy, as it remains the best hedge against dollar depreciation, bond market collapse, and asset inflation.

wallstreetcnAug 17 22:11

Trump issues threat to Oman: Direct airstrikes will be launched if it dares to obstruct the U.S.-Iran peace agreement!

U.S. President Trump has begun threatening to intervene in Oman, which is mediating between the United States and Iran. Earlier, the Iranian military and Ministry of Foreign Affairs took a hardline stance, directly accusing the U.S. of reneging on its commitments and warning that it would employ all available means to countermeasure.

Golden10 DataAug 17 21:03

U.S. Treasury debt to surpass $40 trillion; Bank of America: Going long on gold is a prudent move

Michael Hartnett, Chief Investment Strategist at Bank of America, bases his bullish thesis not on Federal Reserve rate cuts, but on surging U.S. fiscal pressures and aggressive gold accumulation by central banks worldwide. He bets that these two structural supports will drive a significant rally in gold, independent of the interest rate cycle.

Golden10 DataAug 17 21:02