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GOLD: Gold’s Love for Rate Cuts Sees Prices Rise. 

GOLD
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  • Gold prices rose to the highest levels since early December overnight.
  • Back in December following the FED’s rate cut, uncertainty reigned in terms of the potential pathway for rate cuts as FED officials seemingly watered down the possibility for 2025.
  • This week’s softer US inflation has stoked the rate cut fire again with bond yields gapping lower and taking the USD with it, giving a boost to gold which rose to a high yesterday of US$2,724.76 before closing at $2,714.31.
  • Holdings in ETF’s backed by physical bullion have seen a resurgence in demand in January with total investment value up 0.5% YTD.
  • Key Central Bank’s resumed purchases of gold late last year possibly on an interest rate view and expectations from traders is that this could continue. 
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  • Gold prices rose to the highest levels since early December overnight.
  • Back in December following the FED’s rate cut, uncertainty reigned in terms of the potential pathway for rate cuts as FED officials seemingly watered down the possibility for 2025.
  • This week’s softer US inflation has stoked the rate cut fire again with bond yields gapping lower and taking the USD with it, giving a boost to gold which rose to a high yesterday of US$2,724.76 before closing at $2,714.31.
  • Holdings in ETF’s backed by physical bullion have seen a resurgence in demand in January with total investment value up 0.5% YTD.
  • Key Central Bank’s resumed purchases of gold late last year possibly on an interest rate view and expectations from traders is that this could continue.