Gold futures (GC = f) rose to new maximums of all time above $ 4,000 on Tuesday, since investors accumulated in the precious metal in the middle of a weakening dollar and the growing expectations for more federal reserve rates cuts.
Futures for yellow metal have risen more than 50% in the year they will be held, marking their greatest return in a calendar year since 1979.
Meanwhile, a new report from the World Gold Council published on Tuesday showed that the funds quoted in Global Exchange backed by Gold registered their largest quarterly entries recorded during the three -month period that ended in September.
ETF tickets in Gold increased 23% to $ 26 billion quarter to quarter, led by North America funds and followed by European and Asian investors.
“Continuous trade, politics and geopolitical risks continue to persist without clear signs of reduction,” the report said.
Commercial Gold activity also exploded during the period, according to the report.
The average daily volumes increased 34% month in month, driven by record prices that reached 13 new historical maximums in September.
Wall Street has remained optimistic in precious metal, with Goldman Sachs analysts recently reiterating that Gold is his “higher condition recommendation.”
On Monday, JPMorgan analysts noticed setbacks, “which are generally produced 2-3 months after the cutting of the initial feeding, have been falling to buy in gold.”
The questions about the independence of the Federal Reserve in the midst of President Trump’s impulse to eliminate the governor of the Fed, Lisa Cook, have also strengthened some of the scenarios of bullish cases for precious metal.
“From a gold perspective, if feeding fears are carried out, you could reduce confidence in treasure bonds and quickly increase anxiety for debt degradation, with an increase in inputs in the metal inputs that has the potential to overheat a manifestation and add an even greater upward risk to our basal forecasts,” JPMorgan wrote the analysts last month.
Although the researchers predicted gold to reach $ 4,000 in early 2026, they also estimated that “even relatively scarce rotations” away from the United States treasure market and gold could have enough firepower to break prices above $ 5,000 per ounce in a period of two rooms.
Ines Ferre is a Senior business reporter from Yahoo Finance. Follow her in X in @ines_ferre.
Click here to obtain an in -depth analysis of the latest news and events of the stock market that move the prices of the shares
(Tagstotranslate) World Golden Council (T) Federal Reserve
Source link