bullish
Gold's Next Leg Up And Why It Matters
918 Views01 Apr 2024 14:23
The price of gold is now asymmetric. Demand is supported by central bank buying and increasingly retail interest in countries like China. Higher inflation and negative real rates will provide support
Boomeranged on Fri, 17 May 2024 10:05
China continues to buy gold while it sells US treasuries at a record pace. In the first quarter, China sold $ 53B or US treasuries and agency bonds, a record. Meanwhile the share of gold in China's reserves has climbed to 5% which leaves much room to grow more. April saw the central bank's 18th consecutive month of gold buying. In addition, retail demand for gold in China continues unabated.
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David Mudd
Asian Hedge Fund Manager, Long Short Equity, Macro
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