This Hedge Fund Portfolio Shrinks 17% as Billionaire Bets Big on Gold

BenzingaAug 18 01:12

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.

wallstreetcnAug 16 15:13

Paulson & Co. Adds Alphabet, Exits Agnico Eagle Mines, Among Q2 Moves

Seeking AlphaAug 15 05:27

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

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