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Spot gold briefly dipped below the 4,100 mark—has the safe-haven appeal been eclipsed by high-yielding U.S. Treasuries?
Middle East tensions have pushed oil prices back above $100, but risk-aversion sentiment has failed to support gold. Caught between rising inflation expectations driven by higher oil prices and U.S. Treasury yields nearing 20-year highs, spot gold plunged on Wednesday, falling below the $4,100 mark.
Gold targets $5,000 next year, silver eyes $95: Bullish sentiment remains strong in the precious metals sector
The London Bullion Market Association’s annual survey indicates that industry representatives expect gold to rise to $5,013 and silver to $94.70 over the next 12 months. Despite continued pressure
Gold's "re‑anchoring" has once again been confirmed by institutions: U.S. Treasury yields have surged above 5%, yet debt levels and central bank gold purchases are still providing support.
At the LBMA Annual Precious Metals Conference, several fund managers and analysts noted that the traditional inverse correlation between gold and bond yields is weakening. Rising government debt, concerns about currency depreciation, and central bank gold purchases are increasingly serving as key supports for gold prices.
Benchmarking the London gold market, the Hong Kong Stock Exchange is actively preparing to launch RMB‑denominated gold futures.
In response to investors' demand for asset diversification, Hong Kong, China, is accelerating the development of its fixed income, currency, and commodities FICC markets. The recently relaunched U.S. dollar‑denominated gold futures have received an enthusiastic market response, and authorities are now actively exploring the launch of renminbi‑denominated gold futures.
Bank of America warns that high oil prices pose the top threat in the fourth quarter, with gold prices potentially surpassing $3,750.
The energy crisis failed to spark the expected gold‑safe‑haven rally; instead, by pushing up inflation expectations and U.S. Treasury yields, it placed heavy selling pressure on gold prices. Bank of America warns that gold may come under downward pressure in the fourth quarter, testing the $3,750 level.
8:30 p.m. tonight! U.S. September nonfarm payrolls are set to be released—will the Federal Reserve raise interest rates in October?
At 8:30 p.m. Beijing time on Friday, the United States will release its September non-farm payrolls report. The Federal Reserve’s September dot plot signaled further policy tightening within the year,