热门标签

皇冠APP:Gold still a safe-haven asset

时间:2个月前   阅读:7   评论:4

约搏单双www.eth108.vip)采用以太坊区块链高度哈希值作为统计数据,约搏单双游戏数据开源、公平、无任何作弊可能性。

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APPwww.hg108.vip)是一个开放皇冠即时比分、皇冠官网注册的平台。皇冠APP(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP。

,

“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:www.a55555.net彩票网:UMW remains cautious in view of challenges

下一篇:erc20转换trc20:Scaling up businesses with effective campaigns

网友评论

  • 2022-08-24 00:44:54

    He noted that the event was an opportunity for healthcare professionals to convene and tap into each other’s expertise as they work together towards the common goal of strengthening Malaysia’s healthcare system.不是吧,这么厉害