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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.
US
- Over time, the most important drivers of gold prices have been real interest rates, monetary growth, government risks and the US Dollar.
- As investors view gold as the 'currency of the last resort', periods of strong USD depreciation have been associated with higher gold prices.
- However, the chart shows that the past four weeks have been marked by both USD and gold appreciation.
- We have seen that demand for 'safe assets' has been surging in the past two months amid rising uncertainty over the Delta variant and the sharp contraction in Chinese liquidity.
- Hence, the deceleration of the global economic activity combined with rising uncertainty for the winter 2022 (especially in EM economies) could continue to support risk-off assets in the near to medium term.
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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