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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.

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.

Commodity Roundup: Natural gas rises ahead of inventory data, oil extends losses

Natural gas futures rose on Thursday ahead of weekly natural gas storage report. Oil futures fell for a fourth straight session as demand worries outweighed Middle East supply risks. Energy Information Administration reported fourth straight weekly build in U.S. Commercial crude inventories for the week ended April 12.

Silver, outgaining gold YTD, set for second highest-ever market deficit in 2024 - report

Silver set for second highest-ever market deficit in 2024 - Silver Institute's annual World Silver Survey. The global silver deficit is forecast to rise by 17% to 215.3M oz in 2024. The silver market is expected to mark a fourth straight year of a structural deficit. Silver has climbed 14.3% so far in April and 18.8% this year.

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.

Gold extends record run as prices near $2,400; Citi sees $3,000 on the horizon

Gold futures settle at 19th record high settlement for 2024. Citi says gold will climb to $3,000/oz in the next 6-18 months. Deutsche Bank sees gold prices at $2,400/oz by year-end 2024. The yellow metal's rally will be driven by flows from managed money players, analysts say.

Does The Rally In Gold Still Have Room To Run?

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.