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Gold Got Dumped on Vaccine Hopes and Removal of Election Overhang

Pfizer coronavirus vaccine news has sharply lifted market sentiment. As the positive news raised hopes that the pandemic will soon be under control and global economy will be back on track, gold price, a traditional safe-haven asset, dived. The benchmark Comex contract slumped almost US$100/oz to settle at US$1853.2/oz....

Gold Price Approaches US$2,000/oz amidst Low Real Yields, Rising Inflation Expectations and Geopolitical Tensions

Gold's rally has accelerated with the front-month Comex contract making new highs for two consecutive dates. We believe the recent relentless rally of the yellow metal is driven by a number of factors: low real rates, expectations of higher inflation as a result of ultra expansionary monetary policy and...

Gold will Regain Momentum after Correction, Supported by Low Yield and US-China Tensions

We expect gold's rally to resume after correction. Although there are signs that the coronavirus pandemic is stabilizing, the recovery path of global economy remains thorn and gradual. Central banks around the world will have to maintain expansionary monetary policy, pressing interest rates to zero, if not negative. Meanwhile,...