* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, September 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

    Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

    Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

    Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

    Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

  • 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
    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    ASE Technology (ASX) Hits Record High on AI Fuel – uk.finance.yahoo.com

    ASE Technology Rockets to New Heights Driven by Game-Changing AI Breakthroughs

    Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

    Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

    AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

    How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

    Industry partner provides Ferris State Plastics Engineering Technology students with state-of-the-art equipment to gain in-demand skills – Ferris State University

    Industry Partner Equips Ferris State Plastics Engineering Students with Cutting-Edge Technology to Boost In-Demand Skills

    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    ‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

    Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

    Palmetto Sports & Entertainment to air Columbia Fireflies playoff games – WIS News 10

    Catch Every Thrilling Moment: Palmetto Sports & Entertainment to Broadcast Columbia Fireflies Playoff Games!

    Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

    Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

    Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

    Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

  • 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
    Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

    Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

    ASE Technology (ASX) Hits Record High on AI Fuel – uk.finance.yahoo.com

    ASE Technology Rockets to New Heights Driven by Game-Changing AI Breakthroughs

    Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

    Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

    AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

    How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

    Industry partner provides Ferris State Plastics Engineering Technology students with state-of-the-art equipment to gain in-demand skills – Ferris State University

    Industry Partner Equips Ferris State Plastics Engineering Students with Cutting-Edge Technology to Boost In-Demand Skills

    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    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

Everything you need to know about how to buy 2026 FIFA World Cup tickets – CNN

Your Ultimate Guide to Buying 2026 FIFA World Cup Tickets

September 10, 2025
The Economy Just Lost Nearly A Million Jobs, On Paper – Investopedia

The Economy Lost Nearly a Million Jobs – Here’s What You Absolutely Need to Know

September 10, 2025
‘Breaking Bad’ star arrested for incident with neighbor. Here’s the latest – PennLive.com

Breaking Bad’ Star Arrested Following Neighbor Dispute: Latest Updates

September 10, 2025
The MAHA plan for healthier kids includes 128 ideas, but few details – NPR

The MAHA Plan Unveils 128 Ideas to Boost Kids’ Health-But Key Details Remain Missing

September 10, 2025
Judge blocks Trump effort to fire Federal Reserve Governor Lisa Cook – CNN

Judge Blocks Trump’s Effort to Oust Federal Reserve Governor Lisa Cook

September 10, 2025
Reproductive flexibility in sharks and rays complicates conservation predictions – Phys.org

How Sharks and Rays’ Reproductive Flexibility Is Shaping the Future of Conservation

September 10, 2025
Sapio Sciences and Ultima Genomics partner to advance multi-omics research – News-Medical

Sapio Sciences and Ultima Genomics Join Forces to Revolutionize Multi-Omics Research

September 10, 2025

Scientists Uncover Astonishing Life Forms Thriving Deep Within Arctic Ice

September 10, 2025
The art of pickling: Preserving flavor and tradition – upstatetoday.com

Unlock the Secrets of Pickling: Preserve Flavor and Tradition Like a Pro

September 10, 2025
Lincoln Laboratory technologies win seven R&D 100 Awards for 2025 – MIT News

Lincoln Laboratory Technologies Secure Seven Prestigious R&D 100 Awards for 2025

September 10, 2025

Categories

Archives

September 2025
MTWTFSS
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 (815)
  • Economy (834)
  • Entertainment (21,711)
  • General (16,959)
  • Health (9,876)
  • Lifestyle (847)
  • News (22,149)
  • People (836)
  • Politics (841)
  • Science (16,042)
  • Sports (21,333)
  • Technology (15,814)
  • World (816)

Recent News

Everything you need to know about how to buy 2026 FIFA World Cup tickets – CNN

Your Ultimate Guide to Buying 2026 FIFA World Cup Tickets

September 10, 2025
The Economy Just Lost Nearly A Million Jobs, On Paper – Investopedia

The Economy Lost Nearly a Million Jobs – Here’s What You Absolutely Need to Know

September 10, 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