S&P 500 Returns After a Golden Cross (50-Day MA Above the 200-Day MA) Since 1950, the S&P 500’s golden cross has been a reliable bullish signal, generating median returns of 13% over the following year, with positive returns about 80% of the time—giving bulls plenty of reason to rejoice. Image: Carson Investment Research
Global Gold Reserves vs. Global Dollar Reserves Amid rising geopolitical tensions and a shifting global financial landscape, central banks worldwide are increasingly favoring gold over the U.S. dollar as a reserve asset. Image: Blomberg
Spot Gold Gold’s status as a safe-haven asset is under the spotlight, with its price closely tied to geopolitical developments in the Middle East as well as broader macroeconomic trends. Image: Bloomberg
CTAs Exposure to Gold Commodity Trading Advisors have reduced their gold allocations but remain net long on the metal, indicating a tactical repositioning rather than a fundamental bearish shift. Image: Deutsche Bank Asset Allocation
Gold – Composition of Global Official Reserves Driven by record central bank purchases and a sharp rise in price, gold has surpassed the euro as the world’s second-largest reserve asset. Image: Financial Times
U.S. Dollar vs. Gold – Share in Global Reserves As countries and central banks seek to reduce their reliance on the U.S. dollar for reserves and international trade, gold has emerged as the preferred alternative asset. Image: Societe Generale Cross Asset Research
Cumulative Flows in All Bitcoin Funds and Gold ETF Holdings The past month has seen a clear preference for Bitcoin over gold among investors, driven by a shift toward riskier assets, robust technical performance, and accelerating ETF inflows into Bitcoin. Image: Goldman Sachs Global Investment Research
Gold Speculative Positions Speculative positioning in gold has declined sharply in recent weeks, driven by profit-taking, risk repricing, and rotation into other asset classes. Image: J.P. Morgan
Gold Price Seasonality June has been a challenging month for gold investors over the past five decades, delivering the lowest hit rate and the second-worst overall performance. Image: Topdown Charts
Weekly Net Flow to U.S. Bitcoin and Gold ETFs Over the past five weeks, U.S.-listed Bitcoin ETFs have attracted more than $9 billion, while gold-backed ETFs have seen outflows of $2.8 billion. This trend highlights Bitcoin’s growing recognition as a credible hedge in investment portfolios. Image: Bloomberg
Central Bank and Institutional Demand for Gold Goldman Sachs expects ongoing strong demand from central banks—especially those in emerging markets—to continue boosting gold prices through 2025. Central bank gold purchases have risen fivefold since 2022. Image: Goldman Sachs Global Investment Research