Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Gold has emerged as a leading performer in the commodities market over the past year, with its price increasing by over 17% and reaching record highs. Despite this impressive performance, experts suggest that caution may be warranted in the metals sector moving forward. Analyst Jay Kaeppler indicates that while gold has shown resilience amid recent market fluctuations, the overall price action and seasonality of metals could signal potential volatility in the months ahead. Carley Garner, a Senior Strategist at DeCarley Trading, discussed the factors contributing to gold's rally, emphasizing the need for careful analysis of market conditions. Additionally, technical analysis suggests that a better risk mood is currently lifting gold prices, although there are indications that shifts may occur, potentially favoring U.S. Treasury bonds over gold in the future.
Are Shifts Occurring? Gold Could Pass the Medal to T-Bonds - #Commodity #deflationary forces from the 2022 plateau are accelerating, with implications for US #Treasury yields. #Gold has been the outlier performer, but is so stretched vs. T-bond prices it may take a minor spark… https://t.co/MsHkbcT4CL
Elevated Equities Could Be Driving Gold/T-Bonds - The longer the S&P 500 can sustain a steep premium to its 100-week moving average, the more likely that #gold may remain elevated vs. US Treasury #bond prices. #commodities #energy #stockmarket #macroeconomics @BBGIntelligence… https://t.co/wmBYDwH3jw
Is TLT Ripe to Shift Upward vs. Crude Oil? The stalled uptrend in the iShares 20+ Year Treasury #Bond #ETF (TLT) vs. #crudeoil since 2008 may be ripe for resumption. #commodities #energy #macroeconomics @BBGIntelligence The full report is on the Bloomberg terminal here:… https://t.co/qcQtRsSmWf