皇冠现金网
热门标签

足球预测专家:Gold still a safe-haven asset

时间:2周前   阅读:6   评论:1

皇冠登1登2登3www.99cx.vip)实时更新发布最新最快最有效的登1登2登3代理网址,包括新2登1登2登3代理手机网址,新2登1登2登3代理备用网址,皇冠登1登2登3代理最新网址,新2登1登2登3代理足球网址,新2网址大全。

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.

,

足球预测专家www.99cx.vip)是一个开放皇冠体育网址代理APP下载、皇冠体育网址会员APP下载、皇冠体育网址线路APP下载、皇冠体育网址登录APP下载的官方平台。足球预测专家上足球分析专家数据更新最快。足球预测专家开放皇冠官方会员注册、皇冠官方代理开户等业务。

,

“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是哪个国家的(www.a55555.net):Ringgit slips versus US dollar on expectation of further US rate hike

下一篇:trc20转换erc20:Asia stocks wobble as focus turns to US inflation data, Fed outlook

网友评论

  • 2022-09-12 01:12:37

    The exit will affect deposit accounts, investments, loans and cards.前排围观。