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Signs Of Life In Global Resources

Geopolitical conflict and the specter of weakness in the Chinese economy continued to have an outsized impact on commodity prices in the first quarter. Oil demand is expected to reach an all-time record high in 2024. Global Resources Portfolio Manager Shawn Reynolds shares his quarterly insights on natural resources and commodities.

Why Is The Gold Rally Leaving Silver Behind?

Gold has soared to new record highs in April. Gold has rallied despite Fed Funds futures depricing many of the cuts that traders had expected for 2024. Silver has rallied but it's far from its all-time high. The fact that the rally has not fully translated to silver may be an indication that the gold rally is overextended.

Global Growth Returns And The 2025 Fiscal Reckoning

Gold prices are hitting all-time highs despite outflows from U.S. Bullion ETFs. Investors should be prepared for a gold/bitcoin/bitcoin bull market in 2024-2025, says Klaus Vedfelt. Gold is signaling that government spending policy could be wildly stimulative.

What Iran's Attack Means For Commodities

Investing in politically sensitive commodities, such as oil and metals, could mitigate the potential impacts of rising geopolitical turmoil. Iran’s direct attack on Israel may carry significant implications for global commodity markets. The threat of further Iran-Israel escalation combined with sanctions on Russian metals underscores the need for diversification into geopolitically sensitive commodities.

Reflation Trade Is The New Bullish Narrative

Economic reflation is becoming the next bullish narrative as equity valuation increases continue to outpace earnings gains. The last time Wall Street focused on the reflation trade was in 2009. Interest rates, gold, and commodity prices have increased in the past few months. The house view for 2024 remains intact.

Does The Rally In Gold Still Have Room To Run?

Weekly Market Pulse: Are Higher Interest Rates Good For The Economy?

Interest rates surged last week on the back of a hotter-than-expected inflation report. The rise in rates last week pushed the 10-year to its highest level since the peak at 5% in October of last year. Gold has been setting new highs, trading above $2400.

The Role Of Gold In Turbulent Times

Gold can function as both an inflation hedge and an appreciating asset during periods of low real interest rates. Inflation impacts various asset classes differently, but the critical factor for gold is real rates adjusted for inflation. Gold's price rise amid inflation is not solely due to its role as a safe haven.