Kitco News
(Kitco News) – There is still potential for gold prices to push above $2,000 an ounce in 2021; however, analysts at Bank of America (BoA) see growing risks to the upside as inflation fears appear to be contained.
The post Bank of America still calling for $2,000 gold price but headwinds are picking up appeared first on WorldSilverNews.
Kitco News
(Kitco News) – The world’s biggest asset manager BlackRock is getting out of gold and into silver as it sold 2.7 million of its SPDR Gold Shares (GLD) and bought 1.18 million shares of iShares Silver Trust (SLV) in the fourth quarter of 2020.
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“”silver price”” – Google News
BlackRock sells more than $470 million worth of gold as it focuses on silver Kitco NEWS
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Yahoo! Finance: SI=F News
Gold futures head sharply lower Tuesday, with investors focusing on gains in benchmark bond rates, which can compete against bullion for haven bids.
The post Gold prices fall below $1,800 as bond yields rise appeared first on WorldSilverNews.
Kitco News
(Kitco News) – Gold futures prices are trading sharply lower in midday U.S. action Monday and have fallen back below the key $1,800.00 level. “Risk-on” trader and investor attitudes and a rebound in the U.S. dollar index today worked against the safe-haven metal.
The post Gold hit hard by little risk aversion, bounce in greenback appeared first on WorldSilverNews.
https://www.reuters.com/article/idUSKBN2AG0HL
SilverSeek
Tue, 02/16/2021 – 10:20
Bloomberg/Paul Dobson and Stephen Spratt/2-16-2021
“Former New York Fed President William Dudley last week outlined reasons why the U.S. central bank might have to pull back on stimulus sooner and with greater force than anticipated to keep inflation in check, potentially triggering a new wave of volatility akin to the taper tantrum.”
USAGOLD note: It certainly looks a lot like another taper tantrum. Bond yields are up almost 20% over the past two weeks (from 1.07% to 1.28% as of this afternoon) as investors bail. If bonds are no longer a safe haven, there are alternatives. The problem, Bloomberg points out, is global with bond markets everywhere save China in retreat.
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MarketWatch/Steve Goldstein/2-11-2021
“We believe that the tide on yields and inflation is turning, which will pose a major risk to multiasset portfolios.” – Marko Kolanovic, JP Morgan
USAGOLD note: Marko Kolanovic echoes Steve Hanke’s call from a few days ago that we have now entered the initial stages of a commodity supercycle driven by “ultraloose monetary and fiscal policies.”
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