Is US De-Dollarization Driving Gold’s Surge?

Is US De-Dollarization Driving Gold’s Surge?

From youtube.com/markets

A stellar 2024 for gold has largely been attributed to safe-haven plays typical of persistent inflation and geopolitical tension. But does that fully explain the yellow metal’s 19% surge year-to-date? Here’s why the growing "de-dollarization" movement may also be an underlying factor.

No, it's persistently elevated inflation combined with expectation of rate cuts.

Really simple.

...and hybrid warfare everywhere

Member

- Older Stories
US Economic Update: Labour market weakness points to a more aggressive Fed easing cycle
From business.nab.com.au|Aug 8, 2024
The rise in the unemployment rate will accelerate the Fed’s easing cycle, which we still expect to start at the September meeting. • We now expect 100bps of cuts this year ...
Two Iranian Nationals and One Pakistani National Indicted for Providing Material Support to...
From justice.gov|Aug 8, 2024
A superseding indictment was returned yesterday charging two Iranian citizens, brothers Shahab Mir’kazei (Shahab) and Yunus Mir’kazei (Yunis), and one Pakistani citizen, Muhammad ...
Ukraine acknowledges Kursk incursion; Russia declares state of emergency
From upi.com|Aug 8, 2024
Russia declared a state of emergency in the Kursk region after Ukraine forces made an incursion into the country and Kyiv acknowledged their offensive for the first time. ...

- Newer Stories
Morning Comment For SHFE Base Metals On August 9
From news.metal.com|Aug 9, 2024
Overnight, LME copper opened at $8,759/mt, briefly rose at the beginning of the session, then fell to a low of $8,732.5/mt. It then fluctuated upwards, reaching a high of ...
Who Is in the US Recession Camp Now?
From econbrowser.com|Aug 9, 2024|2 comments
Two Quarters Net’s not a big one, but here’s an incomplete list: • David Rosenberg (Rosenberg Research). • Drew Matus (MetLife). • Stephanie Pomboy (MacroMavens). • Nancy Lazar ...
German inflation rate at +2.3% in July 2024
From destatis.de|Aug 9, 2024
The inflation rate in Germany, measured as the year-on-year change in the consumer price index (CPI), stood at +2.3% in July 2024. The rate of change was +2.2% in June 2024 and ...

Related Stories