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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI STATE OF PLAY: BOK Holds Rates; Flags Higher Growth, Prices
MNI STATE OF PLAY: BOK Holds Rates; Flags Higher Growth, Prices
Executive summary
- Last year, the strong momentum in global equities have left gold prices vulnerable; the precious metal was down 3.6% in 2021 following a 25.1% appreciation in 2020.
- However, investors’ interest on gold could start to surge this year as global uncertainty rises due to DM tapering/normalization.
- Gold is defined as a zero-beta asset, which tends to even appreciate in value in periods of rising uncertainty and price volatility.
- Key resistance to watch on the topside stands at $1,811; a break above that level would announce the start of a potential ‘bullish trend’.
Link to full publication:
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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