Asia Markets Mixed, Europe Advances; Crude Oil Steady While Gold Holds Above $2,600 - Global Markets Today While US Slept
Commodity Roundup: As Rate Cut Hopes Steer Gold to Record Highs, Silver Shows Potential
Small cap stocks dance in the wind: market ignited by expectations of a 50 basis point Fed rate cut.
The optimistic sentiment of the Fed cutting interest rates by 50 basis points this week has driven the performance of small cap stocks. However, the expectation of a 50 basis point rate cut needs to become a reality in order to avoid a blow to small cap stocks.
Sector-wise Weekly ETF Flows - Money Pours Out of Financials and Into Consumer Staples
Taking history as a lesson! What will happen after each "50 basis points rate cut" by the Fed?
Nomura Securities pointed out that three months after the Federal Reserve cut interest rates by 50 basis points, small cap stocks surged, value stocks outperformed growth stocks again, metal prices soared, and the yield curve steepened, indicating a bullish market trend. The Federal Reserve has previously raised interest rates by 75 basis points multiple times, so it is not surprising to start a rate-cutting cycle with a 50 basis point cut, and it may not necessarily trigger market panic.
The bet on a 50 basis point interest rate cut is becoming increasingly significant, and there are also these reasons for not reducing interest rates substantially.
Dow Jones hit a new high, gold reached a new high, and the Japanese yen broke through the 140 level.
The Fed is approaching rate cuts, the usd index is falling, gold hits new highs again.
As the Federal Reserve's interest rate cut gets closer, the US dollar index continued its recent trend this week, falling further on Monday, which also pushed gold to hit a new all-time high, and the renminbi continued to appreciate. With the expected interest rate cut in September, various global assets are expected to follow this trend and go further.
GLD ETF Closes Flat
SPDR Gold ETF Options Spot-On: On September 16th, 135.3K Contracts Were Traded, With 3.03 Million Open Interest
On September 16th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 135.3K options for the day, of which put options accounted for 47.39% of the total
Silver Is The New AI Play – Trader Magnet Is Much Higher, Fed Week
Gold Rises to Another Record as the Dollar Falls on Expectations for an Outsized Cut to Interest Rates
Gold Clocks New High While Dollar Weakens; Asia And Europe Markets Mixed - Global Markets Today While US Slept
Commodity Roundup: China's Oil Demand Falls, Gold Hits Another Record High on Rate Cut Hopes
Golden industrial concept continues to rebound, gold breaks through $2600 to reach a new high since listing, institutions believe sector valuation repair is expected.
Golden industrial concept continues to rebound. As of the time of publication, Chi Silver Gp rose by 3.51%; SD Gold rose by 3.03%; Chinagoldintl rose by 2.34%; Zijin Mining Group rose by 0.69%.
Gold price hits a new high, two major tests are coming.
The main reason for this record high is not only the expected interest rate cut by the Fed, but also the official announcement of interest rate cut by the European Central Bank.
After "getting the US bond right", BofA's Hartnett: gold hedge against "secondary inflation", the best "contrary trade" is oil and metals.
Hartnett believes that whether it is Harris or Trump who finally becomes the President of the United States, it will not change the trajectory of the expanding government debt and ballooning deficit in the United States. Therefore, the market will turn to gold in a flight-to-safety sentiment, and it is expected that the price of gold will rise to $3,000 per ounce.
Express News | Bank of America: Gold is expected to rise to $3000.
Gold has surged during the past four terms of the US presidency, Citigroup: Aiming for $3,000 this year!
The price of gold rose by over 50% during President Trump's term, and then rose by 37% during President Biden's term. However, compared to President Bush's term, it can only be considered a "small fry". During his term, gold saw its largest increase since 1989, reaching as high as 215%.
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.
A comprehensive hedging tool! No matter how the Fed cuts interest rates, gold can hedge against everything.
With the growing concern about the recession of the USA economy, the attraction of gold as a safe haven asset is increasing.