According to BCA Research’s Commodity & Energy Strategy service, a Fed pivot to rate cuts will provide gold prices with a tailwind. At first blush, the historical evidence is mixed. While gold rallied in the three…
Gold prices might experience a correction or consolidation over the near term. However, cyclical and structural forces will ultimately cause the yellow metal to trend upwards.
The silver-to-gold ratio has surged close to 10% this year on the back of silver prices catching up to gold. Silver has returned 22% on a YTD basis, against 12% for gold, 13% for industrial metals and 5% for the broad commodity…
According to BCA Research’s Geopolitical Strategy service, the death of Iran’s President Ebrahim Raisi in a helicopter crash underscores the instability of Iran and the Middle East, which is getting worse, not better…
The death of the Iranian president reinforces our base case view of Middle Eastern instability and at least minor oil supply shocks. Rapid geopolitical developments in recent weeks are pointing to a new bout of global instability.…
The rally in gold continues and spot prices flirted with their all-time highs last week. Interestingly, these gains have occurred despite the rise in real yields, with which they are usually strongly inversely correlated.…
According to BCA Research’s Commodity & Energy Strategy and Geopolitical Strategy services, there are several avenues for tensions between Israel and Iran to escalate. Investors need to hedge against a 30% risk of a…
EUR/USD collapsed in the wake of last week’s hotter-than-expected US CPI report. Is this pessimism warranted and will the euro’s trading range that has prevailed since 2023 breakdown?
Gold and bitcoin are conceptually joined at the hip because the value of both comes from their ‘non-confiscatability’ by inflation, by bank failure, and in the case of bitcoin, by state expropriation. The sharp recent rallies in both…