Société Générale projects a more moderate pace of gold purchases by central banks in the future. While central bank demand has been a key driver of gold's multi-year rise to an all-time high of $5,600, and a recent World Gold Council survey indicates continued official sector buying, one bank adopts a cautious stance, warning that…
Gold prices are expected to fall below $3,900 per ounce this year before bottoming out, with a subsequent rally to $5,300 by 2027, according to a forecast from TD Securities. The precious metal has started the week on a disappointing note, hovering near support around $4,000 per ounce as persistent inflation concerns weigh on the…
According to precious metals market analysts at Heraeus, gold and silver prices are expected to rise soon due to declining oil prices, which ease inflation expectations and reduce bond yields, while developments in the Pacific region suggest a potential shift of the gold market's center of gravity to the East. In their latest review, analysts…
Gold is currently weakening despite inflation, due to several key factors. In May, Germany’s inflation rate was surprisingly moderate at 2.6% annually, significantly lower than the eurozone’s 3.2%. This deviation from the European trend was primarily driven by a temporary fuel subsidy introduced by the German government, which reduced gasoline and diesel prices. However, this…
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…
Gold prices have plummeted, trading near $4,078.00, down 4.26%, and silver near $63.605, down 2.66%, following Wednesday's trading close. This decline is attributed to a higher-than-expected May inflation report, rising Treasury yields, and escalating US-Iran tensions, which have overshadowed demand for safe-haven assets. US consumer prices rose 0.5% in May and 4.2% year-on-year, with core…
Silver, a unique hybrid asset (monetary, industrial, speculative, linked to energy transition), exhibits higher volatility than gold. Its price is influenced by monetary demand, industrial demand, physical supply, and real interest rates.
The primary driver, monetary demand, is linked to real interest rates (nominal rates minus inflation). When real rates are negative, the opportunity…
Doug Moglia, a strategist at Rockefeller Global Investment Management, identifies gold as the anchor of a new commodity cycle, projecting its long-term bull market to persist despite recent volatility. Commodities are regaining traction for diversification as structural demand outpaces constrained supply. While broader commodity trends are shaped by electrification, AI, reshoring, energy security, and underinvestment,…
UBS has lowered its 2026 gold price target to $5,500 from $5,900, citing higher Treasury yields and a stronger dollar. Analysts Dominic Schnider and Wayne Gordon at UBS noted that "alternative costs" are becoming more significant as real interest rates remain high, making non-yielding assets like gold less attractive. However, the core reasons for a…
Gold is considered a tactical long-term asset, but Bitcoin is currently undervalued. ReSolve Asset Management's portfolio manager, Richard Latimer, notes that gold's current price consolidation is expected after its early-year surge. Despite strategically remaining bullish on gold for its structural bull market, ReSolve has become tactically neutral in the short term, having taken profits and…
Analyse de marché