Industrial Recovery Broadens as Capex, Pricing and Demand Improve, UBS Says

Seeking AlphaAug 13 23:10

Tit-for-tat! Iran’s new senior military official hits back at Trump: The Strait of Hormuz is under Iranian control

Hossein Taeb, the newly appointed commander of Iran’s Basij paramilitary militia, stated that the Strait of Hormuz remains under the “management and control of the Islamic Republic.”

Golden10 DataAug 13 20:56

Gold bulls catch their breath again as two key thresholds loom; is the pressure from high interest rates waning?

Following gold's surge, market participants are hesitant to chase the rally blindly. The upcoming release of the Producer Price Index (PPI) and the Jackson Hole Symposium serve as key litmus tests. State Street strategists anticipate sufficient room for further short-term gains in gold prices, with a year-end target of $5,000.

Golden10 DataAug 13 17:22

The Bank of Korea purchased gold assets for the first time in 13 years, with potential for further accumulation.

According to BlockBeats, on August 13, the Bank of Korea purchased gold-related assets for the first time in 13 years to hedge against geopolitical and economic uncertainties. According to a filing with the U.S. Securities and Exchange Commission, the Bank of Korea held 679,765 shares of SPDR Gold Shares as of the end of the second quarter, valued at approximately $250 million. The filing showed that three months prior, the central bank held no shares in the world’s largest physical gold-backed ETF. The Bank of Korea stated that this investment marked its first purchase of gold-linked assets since 2013.

BlockBeatsAug 13 16:48

How far can gold’s rebound go? The cooling of rate-hike expectations is just the beginning, with Jackson Hole potentially serving as the next hurdle.

Moderate inflation, easing expectations of interest rate hikes, and a weakening U.S. dollar have reignited gold buying, but analysts remain divided: is this merely a tactical rebound or the restart of a long-term bull market? The Jackson Hole symposium, Federal Reserve policy, and inflation risks will be key variables.

Golden10 DataAug 13 08:42

Citi takes a bold bullish stance: Silver prices are expected to reach $90 per ounce in the next 6–12 months.

Citi reaffirmed its strong bullish stance on silver on Wednesday, forecasting that prices could rise to $90 per ounce over the next 6 to 12 months. This outlook is driven by investment demand stepping in to offset weakening industrial usage, contingent upon a de-escalation of the Strait of Hormuz crisis and a dovish pivot by the Federal Reserve.

Zhitong FinanceAug 13 08:11