Central Bank Gold Purchases The freezing of Russia’s central bank assets has had a profound impact on global financial strategies, driving central banks to significantly increase their gold holdings as a safeguard against economic and geopolitical risks. Image: Goldman Sachs Global Investment Research
Gold Price Forecast The combination of robust central bank buying, anticipated Fed rate cuts, and escalating geopolitical tensions supports a bullish sentiment among strategists for gold prices reaching $3,000 per ounce by late 2025. Image: Bloomberg
Stocks – MSCI China Index 12-Month Targets Persistent deflation and geopolitical tensions have led Goldman Sachs to take a more cautious stance on Chinese equities and their earnings potential. Image: Goldman Sachs Global Investment Research
FMS Investors – Biggest “Tail Risk” Concerns about geopolitical conflict have risen among FMS investors, with 33% now viewing it as the biggest “tail risk” for the global economy, primarily due to its potential negative impact on financial markets and investments. Image: BofA Global Fund Manager Survey
China Exports China’s exports increased by 2.6% since October 2023, mainly due to demand from regions outside the U.S. However, challenges persist, including weak domestic demand and geopolitical tensions that may impact future trade. Image: BofA Global Investment Strategy
Gold Flows The largest inflow to gold funds in four weeks reflects a growing interest among investors amid expectations of interest rate cuts and geopolitical uncertainties. Image: BofA Global Investment Strategy
Japan Stocks vs. China Stocks Despite economic challenges and geopolitical risks, Chinese equities have rallied over the past 3 months. Image: BofA Global Investment Strategy
Gold Price vs. S&P 500 Since January 2022, gold has demonstrated a superior performance compared to U.S. stocks, particularly in the face of geopolitical uncertainty and rising inflation worldwide. Image: Morgan Stanley Wealth Management
Annual Purchases of Gold by Central Banks The first three quarters of 2019 were the largest central banks purchase of gold in recent history, due to geopolitical tensions. Image: J.P. Morgan
Why Is the Dollar So Strong? There are several reasons for this: – Interest rates differential – Strong American economy and no immediate recession– American geopolitical dominance– Market shadow over Donald Trump’s re-election Image: The Daily Shot