Japan's 30-year bond yield hit a record high, driven by persistently high inflation and growing market expectations that the Bank of Japan will raise interest rates later this month. It is up 1.5 basis points at 3.405%. Bank of Japan Governor Kazuo Ueda said on Monday that the central bank will thoroughly discuss the possibility of a rate hike at its upcoming meeting, boosting market expectations for a near-term rate hike. The 10-year bond yield was flat at 1.875%. (Jin Ten)
According to a report by investment bank Jefferies, stablecoin giant Tether has quietly emerged as one of the most influential new buyers in the gold market. The report estimates that Tether currently holds at least 116 tonnes of gold, with 12 tonnes backing its XAUt token (worth around $1.57 billion) and around 104 tonnes backing USDT (worth around $13.67 billion), making it the world's largest holder of non-sovereign gold, comparable in size to smaller central banks. In the third quarter alone...
Central banks may have bought large amounts of gold in November, according to Goldman Sachs, a multi-year trend to diversify their reserves to hedge against geopolitical and financial risks. In a report, Goldman reiterated that it expects gold prices to reach $4,900 by the end of 2026 and could rise further if private investors continue to diversify their portfolios. Gold prices have rallied 55 percent so far this year, driven largely by economic and geopolitical concerns, rising inflows of exch...
The "Super Central Bank Week" is here! The Federal Reserve is on the scene with the "shutdown shackles". Will Powell release a beautiful dove sound? The US government shutdown continues, when will the technical pullback of gold end? US stock traders begin to switch positions... Click to view...
After the 2008 financial crisis, stocks, cash, gold and bonds are all expected to experience one of the largest annual inflows in history. Click to view...
Global central bank foreign exchange reserves changes show that the "de-dollarization" process continues to accelerate; investment banks believe that the US September CPI data released this week is difficult to change the interest rate cut expectations that have already been completed, and the market may pay more attention to...
Gold became a "hot topic" for central bankers, finance ministers and private sector bankers around the world at the autumn meetings of the IMF and World Bank, discussions that could actually help to keep prices in check. Click to view...
Goldman Sachs has reiterated that gold prices will rise to $4,000 next year as demand from its core buyer base continues to grow and central banks are expected to continue buying gold for at least another three years. Click to view...
The "Super Central Bank Week" is coming! The Fed's dot plot will become a new game point for the market. Will the Bank of England's "dramatic" vote be repeated? The Bank of Japan may struggle to send a clear tightening signal... Click to view...
According to The Bitcoin Historian, a new peer-reviewed study from Harvard University calls for bitcoin to be included in the reserve assets of central banks.