Gold’s Glittering Rally Continues – Four Days Straight
Prices Hit a Fresh High of $2,670/Ounce
Gold’s shining trend is back on the groove, breaking past the $2,670 per ounce mark. That’s the highest price concentration we’ve seen in a full decade – talk about a metallic revival!
Why the Metal’s Magnifying Moment?
When the Russian‑Ukrainian battlefield heats up, investors often reach for a safe haven. As tensions climb, the yellow metal gets a big “buy” signal from anxious traders.
ETF Talk: GLD Keeps the Money Flowing
- SPDR Gold Trust (GLD) has pulled in freakishly positive net flows this week.
- Last Friday alone, the ETF welcomed about $694 million of fresh capital.
- Notice: No four‑session stretch of net inflows since March – this week is a fresh stretch.
Market Mood: Uncertainty Rules the Board
While everyone’s feeling uneasy about the possibility of a U.S. rate cut next year (and the chance that inflation might jump back up), gold keeps climbing. Even when the Fed says “we’re cautious,” investors still put their trust in the color of the dollar.
Fed Forecasts: The Rate Cut is a Rare Dance Move
The latest CME FedWatch data tells us the chances of a 25‑bp cut in January are down to about 15%. That’s a sharp decline from the optimism of last month.
Geopolitics taking the Spotlight – Mines and Missiles
The U.S. shipped anti‑personnel mines to Ukraine this week, after previously banning them since the war began. It’s part of Ukraine’s effort to push back against Russian advances. Meanwhile, the U.S. allows Ukraine to deploy advanced ATACMS missiles, making headlines and sparking whispers about a potential change in Russia’s nuclear game plan.
Russia’s Playbook: Balancing Control and Negotiation
- Russia is moving hard, trying to hold onto 70‑80% of the territories it annexed.
- Sources say President Putin remains open to a ceasefire but refuses to make firm concessions on the lands.
- The door for discussions on dividing territories remains, though.
The Big Question: Can We Keep This Chill Game From Turning Into a Fire?
Both sides want to sit at the negotiating table in a strong position, but that can occasionally flirt with missteps, including a dangerous pop back into nuclear chatter. The stakes are high, and the global market watches closely.
