Goldman Sachs warning: US election may trigger inflation storm, and gold will become a safe haven tool

The strategist believes that if the Republican Party wins both the presidency and Congress, it will bring the greatest risk to inflation and bond returns in the USA; some media reported that Trump's allies have developed a plan to weaken the independence of the Federal Reserve, although his campaign team has not confirmed such a plan.

cls.cnJun 20 07:15

How to hedge against US election-related risks? Goldman Sachs recommends buying gold!

Goldman Sachs believes that holding long positions in gold can hedge inflation risks caused by post-U.S. election impacts such as tariffs and weakened independence of the Federal Reserve.

Golden10 DataJun 19 21:51

Global central banks are keen on buying gold! The willingness to increase holdings has reached a five-year high, Goldman Sachs is bullish on the gold price reaching $2,700.

According to the survey results, Central banks of various countries increased their gold reserves by 1,037 tons in 2023, the second highest annual purchase volume in history. Previously, the record was set in 2022, which purchased 1,082 tons of gold.

Gelonghui FinanceJun 19 17:09

Gold Market Analysis: US retail data shows consumer fatigue, gold rebounds slightly boosted.

Wang Gang, the Bank of China's Guangdong Provincial Branch, said that Tuesday's retail sales data showed signs of fatigue among American consumers. The slowdown in retail sales growth, coupled with rising prices and interest rates, forced families to prioritize basic necessities and cut discretionary spending. The Federal Reserve's tight financial conditions this year seem to have finally put pressure on household budgets. The weaker-than-expected retail sales report increased the possibility of the Fed cutting interest rates within several months. Federal funds rate futures indicate a 67% chance of at least one rate cut by the Fed before the end of September, up from 63% a day ago.

FX678 FinanceJun 19 13:11

Central bank gold buying plans have not stopped. The market is digesting the US Federal Reserve's strategy. Wells Fargo & Co predicts that gold will enter a six-month period of consolidation.

Investors in gold need to be patient. According to Wells Fargo & Co, as the market gradually adapts to the Fed's maintenance strategy, gold may continue to consolidate throughout the summer.

FX168Jun 19 05:42

Express News | Gold is the best tool to hedge against inflation risks related to the US elections, according to Goldman Sachs analysts.

BreakingsJun 19 00:41