9th April 2025

Germany worried about its 1,200 metric ton U.S. gold reserves as trade tensions rise

While Europe is busy devising an appropriate response to the trade tariffs imposed by President Trump, the German government faces an equally delicate situation: the 1,200 metric tons of gold it holds in U.S. deposits. Already in the past, Germany has questioned the decision to store such a large amount of bullion - the world's second largest sovereign gold reserve - in the vaults of the first-holding nation, particularly in the Federal Reserve's underground vaults. Although the soundness of the U.S. central bank remains intact, concerns related to the current administration of the world's leading power are increasing with each passing day. Source: Kitco News

8th April 2025

Gold in liquidity squeeze, but rally above $3,000 still possible

Continued selling pressure in U.S. equity markets is weighing on the price of the yellow metal as traders sell gold to raise capital. The ultimate safe haven asset could lose support at $3,000 in the coming days, however, according to Standard Chartered Bank forecasts, the average price expectation in the second quarter has risen from $2,900 an ounce to $3,300. Gold volatility is on the rise, suspended between demand for safe haven assets and the need to meet liquid plank margin demands; in the background, a tense environment fueled by tighter-than-expected U.S. tariffs. Source: Kitco News

7th April 2025

Asian stock markets thud, Europe also in free fall

Asian bourses in deep red today, with Shanghai at -7.34 percent, Shenzhen at -10.79 and Hong Kong at -12.4 percent. Stock exchanges also hurt, opening sharply lower. Goldman Sachs raises the odds of a U.S. recession to 12 percent, while gold, despite profit-taking in recent days, still holds support at $3,000 an ounce.
Source: Rai News