Search Results for: gold

Gold Speculative Positions Is the stretched positioning in gold a sign of excessive optimism, potentially reflecting a herd mentality that may result in a reversal? Image: J.P. Morgan

Gold and U.S. 10-Year Real Rates The price of gold typically has an inverse relationship with U.S. real interest rates, as investors tend to shift their investments between gold and interest-bearing assets based on the opportunity cost of holding gold. Image: BofA Global Research

Gold Flows Gold has seen renewed investor interest since March 2024, as evidenced by significant inflows to gold funds. Image: BofA Global Investment Strategy

CTAs Exposure to Gold CTAs’ positive attitude towards gold reflects their confidence in its ability to appreciate in value, protecting against inflation and financial uncertainties. Image: Deutsche Bank Asset Allocation

WTI Crude Oil to Gold Ratio At its extremes, the oil-to-gold ratio has been a reliable indicator of when to invest in oil and gold, providing valuable insights for traders and investors. Image: BofA Global Investment Strategy

Performance – S&P 500 Relative to Gold The performance of the S&P 500 relative to gold has been flat over the past 6 years. It has been an important indicator of market sentiment for decades. Image: BofA Global Investment Strategy

YTD Cumulative Gold Flows Despite the upward trajectory of gold prices, the trend of outflows from gold ETFs has persisted. However, bullion and coin purchases have surpassed gold ETF sales and central bank gold purchases since Q3 2020. Image: J.P. Morgan

Central Bank Gold Purchases Gold remains a key focus for central banks, as it serves to fortify the stability and resilience of their reserves, especially amidst economic turbulence or currency fluctuations. Image: Goldman Sachs Global Investment Research

Physical Gold Held by all Gold ETFs Globally Despite the rising price of gold, the trend of outflows from global gold ETFs has continued. Image: J.P. Morgan

Bitcoin vs. Gold Bitcoin’s current price shares similarities with the price of gold in the 1970s. Image: Alpine Macro