08 December 2022
Latest data from the Shanghai Gold Exchange puts Chinese retail gold demand in November lower than in 2021, and even 2020 as well, suggesting that the Covid lockdowns and reduced global demand may be having an even greater impact on the country's economy than many had realised.
08 December 2022
Media reports indicate that the Chinese Central Bank has reported a surprise increase in its gold reserve in November equivalent to 32 tonnes. Hitherto it has been reticent about reporting gold reserve increases, this being around the first time in 3 years it has reported any such changes
06 December 2022
A 'surprise' scenario from Standard Chartered Bank's Head of Research, Eric Robertsen, sees the gold price rising to $2,250 and bitcoin falling to $5,000 next year if current patterns play out.
03 December 2022
Gold breached the $1,800 level on December 1st, but fell back again quite sharply in early U.S. trade a day later before clawing its way back up again to end the week in the high $1,790s. Silver did rather better, although we are wary of its past somewhat erratic price performance. We remain confident on the future price performance for gold and, perhaps less so for silver, but are wary on equities and cryptos due to likely economic headwinds,
01 December 2022
The combination of a more dovish statement from Fed Chair Jerome Powell and the latest PCE data release drove gold, silver, equities and bitcoin all higher in the U.S. and globally, with gold breaking through the $1,800 barrier at one time.
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