After reaching an all-time high in January 2026, gold prices continued to decline during the first half of the year, raising investor concerns about further drops and whether it is an opportune time to buy.
While short-term forecasts are uncertain, analysts are more confident in predicting gold's long-term trajectory, citing strong fundamentals despite temporary macroeconomic…
The U.S. labor market – a facade of stability
https://www.steelldy-indices.com
To grasp the scale of the problem, between February 2025 (Trump taking office) and June 2026, the average monthly job creation in the U.S. was only 42,000 (4.5 times below normal), with the private sector adding 53,000 jobs and the public sector shedding an average…
Bank of America suggests gold could potentially reach $6,000, but not in the near term, due to significant headwinds from the Federal Reserve's tightening monetary policy. The bank was previously optimistic during gold's rally last year, expecting prices to hit $6,000 by spring. However, a recent correction has led its metals research team, led by…
Recent news headlines have shifted as frequently as gold prices, leaving investors questioning market direction. A disconnect between record demand forecasts and sluggish price action adds to the confusion. Damian White and Joe Elkjer analyze the noise to clarify gold’s dynamics, examining whether the recent price decline is a warning or a pause in a…
1. Carbon Pricing Framework: Explicit (EU ETS) vs. Implicit/Internal Shadow Pricing
TotalEnergies employs an internal carbon price (ICP)1 or shadow price in its project evaluations and asset impairment testing. Currently, its base case includes a minimum price of $100/tCO₂ (or higher jurisdictional prices) starting in 2023, with a 2% annual increase after 2030.
Sensitivity…
[1] The note outlines a macro strategy linking (i) Gold, (ii) Bitcoin (BTC) and (iii) Capital Rotation.
[2] Gold at $3,700 shows a loss of confidence in fiat, prompting a flight to tangible assets (+7% real return on commodities).
[3] BTC is “decoupling” temporarily: market makers break the correlation, create volatility and liquidate…
Analyse de marché
Carbon Credit Market