热门标签

Allbet代理:Gold still a safe-haven asset

时间:2个月前   阅读:8

Allbet代理www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

Shopping fo jewellery at the Poh Kong outlet.

PETALING JAYA: Gold relationship as an inflation hedge is getting more tenuous as the current high inflation period shows but analysts believe its role as a safe-haven asset remains, especially in portfolio diversification purposes.

Historically, during the era before World War 1 in 1914, the price of gold was typically tied to inflation but price action in the precious metal in the past six months suggested it has lost its traditionally hedging role.

“Gold’s role as an inflation hedge has always been tenuous in the post-2000s world, except for a brief day in the sun as the global financial crisis gathered pace.

“I believe gold remains a decent hedge for extremely high inflation – so if you lived in Turkiye, Argentina, Zimbabwe or Venezuela, you would probably own some gold.

“However, in an elevated inflation environment as we are seeing today, I do not believe its price is dictated by it,” Oanda Asia-Pacific senior market analyst Jeffrey Halley told StarBiz.Gold’s role as a safe haven look more secure as the precious metal spiked from about US$1,804 (RM8,029) a troy ounce in early February to US$2,000 (RM8,901) level on world markets in March after Russia invaded Ukraine.

Shopping fo jewellery at the Poh Kong outlet.

However, the gain was not sustained and has since declined to a low of US$1,718 (RM7,646) on July 21, despite inflation in the United States rising to a four-decade high of 9.1% in June.

,

皇冠登3出租www.hg108.vip)是皇冠(正网)接入菜宝钱包的TRC20-USDT支付系统,为皇冠代理提供专业的网上运营管理系统。皇冠登3出租系统实现注册、充值、提现、客服等全自动化功能。采用的USDT匿名支付、阅后即焚的IM客服系统,让皇冠代理的运营更轻松更安全。

,

“There is no doubt that gold price movements are now dictated by a combination of the direction of the US dollar and US yields.

“If the US dollar and US yields have or are near a peak, then gold should start moving higher over the rest of the year and into 2023.

“But gold’s price action was underwhelming, above US$2,000 (RM8,901) an ounce and it would not surprise me if inflation remains more elevated and for longer than current market pricing,” Halley added.

From a trading perspective, he said, it begs the question of why trade gold when it is just an inverse price movement of the US dollar and US yields; both of which are far more liquid markets.

Market expectations of a less aggressive Federal Reserve (Fed) in September and going forward as inflationary pressures ease saw the precious metal edged higher to close at US$1,774 (RM7,904.94) last Friday but the strong job data could see renewed downside pressure return.

Academic research over the years has found gold to be a poor inflation hedge, with moments when the relationship is visible, said Dr Obiyathulla Ismath Batcha, professor of finance at the INCDF University.

He said the current high interest-rate environment makes the precious metal far more expensive to hold, which could be why gold’s price edged lower as rates rose as the opportunity cost of holding a non-productive asset would not make sense.

上一篇:澳洲幸运5玩法:刘宇一父女 回归有价

下一篇:皇冠足球信用平台出租(www.hg108.vip):Investors strike a cautious note ahead of US inflation data

网友评论