The price of spot gold and silver has been climbing due to a combination of factors such as the central bank's gold buying wave, the Federal Reserve's interest rate cut and the regional situation. Gold closed up 27% in 2024, the largest annual gain since 2010. During this period, it continued to set record highs, and once approached the $2,800 mark in October. Silver closed up 21%, hitting a more than 10-year high of $34.86 and now hovering around $28.9 an ounce. Gold outperformed silver as a wh...
The Federal Reserve's quiet period is not calm, and many central banks usher in the last interest rate meeting of the year! CPI or raise the threshold for interest rate cuts? Gold breaking through this level will stimulate technical buying! US stocks will not easily reverse at the end of the year?
World Gold Council: Global central banks bought a net 60 tons of gold in November, with India adding 27 tons of gold to rank first. (Gold Ten)
On December 1st, the Bank for International Settlements (BIS) and central banks recently published papers on legal issues and the design of CBDC systems. Participating central banks include the Bank of Canada, the Bank of England, the Bank of Japan, and the European Central Bank.
Large-scale purchases of gold by central banks have been one of the factors supporting the rise in gold prices, and the current surge in the US dollar may curb demand from central banks. Central banks have bought 694 tonnes of gold this year to diversify their holdings and reduce their reliance on the US dollar, according to the World Gold Council. George Saravelos, head of foreign exchange research at Deutsche Bank, said Mr. Trump's policies could weaken emerging market currencies. "Many centra...
Let's see how central banks choose this year: cut interest rates, raise interest rates, wait and see, or lower and then rise...
According to Matrixport's latest weekly report, global central banks' efforts to reduce their reliance on the U.S. dollar and the rapid rise in sovereign debt are driving the continued growth of bitcoin and gold. In 2024, gold rallied 31% and bitcoin surged 59%, outperforming traditional assets such as bond ETFs and the S & P 500's 22% gains. With the approval of bitcoin spot ETFs and massive investments by companies such as MicroStrategy, bitcoin's importance in the financial ecosystem has beco...
S & P said it expects emerging market central banks to continue/begin cutting interest rates in late 2024 and early 2025 to boost domestic demand. Uncertainty about the U.S. economy, geopolitical risks, and political uncertainty could create a foundation for future market volatility.
Swap markets put the probability of the Bank of Canada cutting rates by 50 basis points in October at 48 per cent, up from 45 per cent before the inflation data.
The interest rate decisions of the three major central banks are coming, the prospect of the Federal Reserve cutting interest rates is clouded, and gold faces the risk of two-way volatility! Hedge funds are net bearish on oil for the first time in history, and the current bull market in US stocks is doomed to be "short-lived"?
The interest rate decisions of the three major central banks are coming, the prospect of the Federal Reserve cutting interest rates is clouded, and gold faces the risk of two-way volatility! Hedge funds are net bearish on oil for the first time in history, and the current bull market in US stocks is doomed to be "short-lived"?
The three main central banks, including the Federal Reserve, the Bank of Japan and the Bank of England, will hold policy meetings this week, and the outcome is expected to be at least different. The Bank of Japan will announce its first decision on Wednesday, and analysts are currently divided on whether the central bank will raise its policy rate from its current 0% -0.1% or signal an imminent rate hike. Beautiful...
This week's three major central bank meetings have hit one after another, superimposing non-agricultural blockbuster data, the foreign exchange market may usher in bloodshed, investment banks predict that if the Federal Reserve..., the dollar will...
On July 26th, the exchange rate of the onshore and offshore RMB against the US dollar soared sharply on July 25th. Both rose above the 7.21 mark during the session, and once tested the important mark of 7.2. According to a survey by UBS, central banks are planning to further strengthen the position of the euro and the RMB. In the coming year, central banks are planning to further increase their positions in the euro and the RMB. 70% of the respondents are investing or considering investing in th...
Federal Reserve Governor Bowman: Congress doesn't seem to have much interest in central bank digital currencies.