* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 30, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

    How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

    Good Deed Entertainment Acquires Worldwide Rights To Liza Mandelup’s Documentary ‘Caterpillar’ – Deadline

    Good Deed Entertainment Lands Global Rights to Liza Mandelup’s Captivating Documentary ‘Caterpillar

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Danielle Fishel Explains Why Being on “DWTS” Makes Her Feel ‘Like It’s 1994 Again’ Filming “Boy Meets World” (Exclusive) – Yahoo

    Jussie Smollett Claims He Was ‘Disrespected’ on the ‘Special Forces’ Season Premiere – Yahoo

    Jussie Smollett Opens Up About Feeling ‘Disrespected’ During the ‘Special Forces’ Season Premiere

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    TicketSmarter Fall Entertainment Guide – Eastern Illinois University Athletics

    Cardi B Adds More Dates to Little Miss Drama Tour: ‘Y’all Making Me Work’ – Yahoo

    Cardi B Extends Little Miss Drama Tour: “Y’all Making Me Work

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

    Four Strategic Signals Technology Leaders Are Tuning In To – SPONSOR CONTENT FROM ARM – Harvard Business Review

    Four Essential Strategic Signals Every Technology Leader Should Watch

    Virginia Tech hosts annual New Music + Technology Festival this week – Cardinal News

    Virginia Tech Kicks Off Exciting Annual New Music and Technology Festival This Week

    Why I gave the world wide web away for free | Tim Berners-Lee – The Guardian

    Why I Decided to Make the World Wide Web Free for Everyone | Tim Berners-Lee

    From shale to steam: Fossil fuel technology boosts clean geothermal energy – Washington Examiner

    From Shale to Steam: How Fossil Fuel Technology is Powering a Clean Geothermal Energy Revolution

    How Sustainable Technology is Shaping a Greener Future – Technology Magazine

    How Sustainable Technology is Driving the Revolution Toward a Greener Future

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Gold soars to record highs amid surging Chinese demand and renewed investor interest

March 15, 2024
in Business
Gold soars to record highs amid surging Chinese demand and renewed investor interest
Share on FacebookShare on Twitter

As gold breaks free from its four-year range, reaching record highs at $2,195 per ounce, China’s role in diversifying reserves adds intrigue. Surging Chinese demand, mirrored by Swiss gold exports, signals a flight to safety amid market turbulence. Societe Generale reports unprecedented fund flows into gold, while central bank purchases soar. Despite puzzling ETF outflows, traditional drivers like inflation and interest rates are reasserting influence, setting the stage for gold’s ascent amid global uncertainty.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Marcus Ashworth

Gold has definitively broken out of the range it’s been stuck in since the start of this decade, reaching a record $2,195 per troy ounce this month. While a surge of buying from China is likely behind the recent rally, some of the more conventional factors that typically propel the yellow metal are starting to fall into line. Fresh records beckon.

China has been diversifying its state foreign reserves into gold for much of the past decade, though reporting of its activity has been patchy. Whether China continues to add at record prices is now a big question, but appetite from the nation’s wealthy individuals seems to remain unsated.

Physical exports of gold to China from Switzerland nearly trebled in January, according to the Swiss Federal Customs Administration. That points to Chinese individuals looking for a haven in the most ancient form of financial security following a rocky period for the country’s real estate and equity markets. 

There are other signs that gold demand is picking up more broadly. Societe Generale SA analysts reported record monthly fund manager flows into gold in February, worth $11.3 billion. COMEX gold futures have seen the biggest uptick in net new longs in five years in the past two weeks, though exposure is still not close to the record for open positions, standing at 426,000 contracts currently versus 550,000 contracts held at the end of 2019.

The reduction in gold-related exchange-traded fund holdings remains puzzling. These typically track the gold price quite closely, but the pairing has diverged dramatically since late 2022. February saw the ninth consecutive monthly outflow from physically backed ETFs, with $5.7 billion sold so far this year. Nonetheless, those outflows have been little match for blistering central bank demand, which has exceeded 1,000 metric tons of purchases annually for two consecutive years. 

Gold’s performance — or lack thereof — in recent years has confused analysts. Conventional logic would have anticipated new highs when the Federal Reserve triggered its huge pandemic monetary stimulus program. But the subsequent spike in inflation, driven in large part by surging energy prices, has been accompanied by a breakdown in the the correlations of gold to other asset classes. Rising interest rates should have been bad for gold and outbreaks of war beneficial, but the reaction was minimal. 

According to Chris Watling, founder of investment consultancy Longview Economics, the big three historical drivers of gold prices are the dollar, inflation expectations and interest-rate forecasts. Those are starting, belatedly, to assert themselves. 

The dollar index has fallen nearly 4% since the start of November, making the metal cheaper to buy. Inflation has been slowing consistently for a while so it’s tough to give that much credit for gold’s recent run. The expert way to track gold’s relationship with the monetary side of the economy is to monitor bond yields after adjusting for inflation. The yield on the 10-year US Treasury inflation-linked bonds has fallen by 20 basis points to around 1.8% since mid-February; falling real yields underpin the gold rally as parking money in bonds becomes relatively less attractive. Meantime, the Fed interest-rate cuts the futures market is anticipating in the second half of this year should support higher gold prices. 

For gold bugs, its fundamental allure comes from the contrast with currencies backed by nothing more substantial than spendthrift governments. US fiscal deficits, for example, are poised to increase for the next decade, according to the Congressional Budget Office. The accompanying increase in debt issuance will be relentless — adding to the bull case for enthusiasts of the precious metal. And while Bitcoin’s recent record highs have been spurred by the introduction of cryptocurrency ETFs, the underlying driver of demand is a similar disdain for fiat currencies.

Rather than simply wondering whether China has or hasn’t bought another truckload of ingots, investors have some less intangible arguments for allocating more money to the metal. Escalating geopolitical tensions, the prospect of troubled elections in several countries and an increasingly favorable economic backdrop for gold should pave the way for fresh highs.

Read also:

Gold surges to all-time highs on Federal Reserve speculation, global uncertainties
Tax Justice South Africa calls for “Gold Mafia” arrests as SARS sues SASFIN for R4.9bn
🔒 The AI gold rush: The new era of tech billionaires – Lionel Laurent

© 2024 Bloomberg L.P.

Visited 7 times, 7 visit(s) today

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/gold/2024/03/15/gold-soars-record-highs

Tags: businessRecordsoars
Previous Post

“Vote like your life depends on it” to avoid “ANC, EFF, MK Doomsday Coalition”: Steenhuisen at BNC#6

Next Post

BNC#6: Steenhuisen – Why Election’24 SA’s chance to break 30-year political deadlock

Microplastics and invasive crayfish: emerging interactions and ecological implications from three coexisting species in a subalpine lake – Nature

Uncovering the Hidden Impact: How Microplastics and Invasive Crayfish Interact in a Subalpine Lake Ecosystem

September 30, 2025
Scientists Warn: Bottled Water May Pose Serious Long-Term Health Risks – SciTechDaily

Scientists Reveal Shocking Long-Term Health Risks of Bottled Water

September 30, 2025
You Can Trigger ‘Time Expansion’—Meaning You Can Stretch Seconds and Warp Reality, Scientists Say – Popular Mechanics

Unlock the Secret to Stretching Seconds and Bending Reality: Scientists Reveal How to Trigger ‘Time Expansion

September 30, 2025
Roiserv Lifestyle Services Announces Key Corporate Changes at Upcoming EGM – TipRanks

Roiserv Lifestyle Services Announces Exciting Corporate Overhaul Ahead of Key EGM

September 30, 2025
Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

Saving Energy and Money with Smart Technology – Terms of Service with Clare Duffy – Podcast on CNN Podcasts – CNN

September 30, 2025
Tim and Anita Schoen Endow Sport Psychology Program Director Position – Notre Dame Athletics

Tim and Anita Schoen Endow Sport Psychology Program Director Position – Notre Dame Athletics

September 30, 2025
Dodgers feel an urgency to deliver another World Series title to L.A. – Los Angeles Times

Dodgers Fueled by Determination to Bring Another World Series Title to L.A

September 30, 2025
City of Malibu Eases Event and Sign Permitting Requirements to Support Post-Fire Economic Recovery – City of Malibu

Malibu Simplifies Event and Sign Permitting to Boost Post-Fire Economic Recovery

September 30, 2025
The Police Made Chart History With This 1979 Hit Nearly 50 Years Ago – Yahoo

How The Police Changed Music Forever with Their Iconic 1979 Hit Nearly 50 Years Ago

September 30, 2025
WISD weighs in on Michigan Board of Education’s proposed health education changes – WEMU

WISD Takes Action on Proposed Changes to Michigan’s Health Education Standards

September 30, 2025

Categories

Archives

September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (844)
  • Economy (865)
  • Entertainment (21,739)
  • General (17,331)
  • Health (9,908)
  • Lifestyle (878)
  • News (22,149)
  • People (867)
  • Politics (875)
  • Science (16,075)
  • Sports (21,365)
  • Technology (15,848)
  • World (847)

Recent News

Microplastics and invasive crayfish: emerging interactions and ecological implications from three coexisting species in a subalpine lake – Nature

Uncovering the Hidden Impact: How Microplastics and Invasive Crayfish Interact in a Subalpine Lake Ecosystem

September 30, 2025
Scientists Warn: Bottled Water May Pose Serious Long-Term Health Risks – SciTechDaily

Scientists Reveal Shocking Long-Term Health Risks of Bottled Water

September 30, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version