Gold Headlines

Hedge Funds Running Biggest Dollar Short Since 2017 Risk Squeeze

The new gold rush: western investors offset soft eastern demand (FT)

https://www.ft.com/content/8a53dbaf-8210-4c60-8753-e3018fa1b1e1 The pandemic has convinced investors that gold belongs in their portfolios as a hedge against frothy equity markets, rock bottom interest rates and a fall in economic output. Some large investors want gold as protection against possible deflation caused by an economic slowdown or a converse rise in inflation

Wall Street jumps, financials take the lead

Gold prices rise, find footing as dollar weakens

https://www.marketwatch.com/story/gold-prices-rise-find-footing-as-dollar-weakens-11601297661 Gold futures on Friday were trading modestly higher as weakness in the dollar, helped to fuel some modest buying in bullion despite a rally in stocks that would otherwise suggest waning appetite for assets perceived as havens.

Central Bank Largesse Dims Effectiveness of Usual Market Hedges

Why the US dollar is only going to fall faster and harder

Former Deutsche Bank traders convicted of trying to manipulate gold and silver prices

Tricky times follow US corporate borrowing binge

China holds simultaneous military drills in four seas, again

China’s Golden Week to test tourist demand after Covid-19 (FT)

Most startling has been the recovery in tourist activity in Wuhan, where the coronavirus outbreak emerged. Five months since the central Chinese city’s borders were fully reopened, its Yellow Crane Tower has become the most sought-after attraction for Golden Week, according to Ctrip, helped by the local government’s decision to waive entrance fees. The second top destination is Disneyland Shanghai, which reopened in May. https://www.ft.com/content/0c9472e7-ad98-4b94-bd44-2037b338665f