⬅️ Switzerland: Holds the largest amount of gold per capita in the world, at 3.8 ounces per citizen, which is five times the per capita share of the United States (0.76 ounces).
⬅️ Canada: Has no gold reserves but has large amounts buried that can be extracted in the future.
⬅️ China and India: Per capita gold is very low, and China needs to accelerate its purchases.
⬅️ United Kingdom: Has a small share of gold compared to European countries. It sold more than half of its reserves between 1999 and 2002 at the lowest price, making it embarrassing to buy back at high prices.
📊 Safe-haven sentiment to drive gold prices higher in the coming weeks:
Investors’ cautious stance towards gold after Trump’s inauguration seems reasonable, as potential political shifts could challenge Fed rate cuts, inflation, and dollar expectations. The market expects Trump to issue more than 200 directives, but the resulting uncertainty has led to a decline in the dollar. The weak dollar and steady trading volume have provided momentum for gold. Looking ahead, tariffs and the safe-haven sentiment they evoke are expected to fuel bullish momentum for gold.
🟠 Bitcoin ₿ price exceeds $109,000 for the first time, hours before the inauguration of US President-elect Donald Trump 🇺🇸, who may soon issue an executive order making cryptocurrencies a national priority, according to press reports.
🔵 Financial markets are about to open, this week will be very quiet in terms of economic data. Here are the most important upcoming events:
• Tomorrow, Monday, will be an official holiday in the United States, with early closings for American and European indices and stocks.
• No important economic data on Tuesday and Wednesday.
• On Thursday afternoon, the US unemployment claims statement will be issued.
• On Friday afternoon, the Purchasing Managers Index data for both the manufacturing and services sectors in the United States of America will be issued.
📊 It is true that next week will be quiet in terms of economic data.. but we expect to witness crazy movements in the markets with Trump entering the White House.
📊 Gold prices are steady, but are set for a third straight weekly gain after data suggested the Federal Reserve may continue to cut interest rates this year.
🛢 Oil rises, heading for a fourth weekly gain, supported by concerns about tight supply after US sanctions on Russian oil producers and signals from the US Federal Reserve that it may cut interest rates.
🔴 The United States bans the sale of smart cars containing Chinese and Russian technology, citing what it considers risks to American national security.
🔴 The European Union is reassessing antitrust cases against major US tech companies ahead of Trump's inauguration next week after he criticized European policies against US companies and his ally Elon Musk clashed with European regulators.
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The 10-year note yield, in a secular downtrend since the 1980s, bottomed at 0.32% in 2020 before soaring 470 basis points to 5.02% in 2023 due to high inflation. Yields are nearing 5% again as inflation rebounds and the labor market stays strong.
If inflation remains high, yields could rise to 6%, driving significant shifts in market dynamics and borrowing costs. The key question: Can markets handle prolonged higher yields?
🇬🇧 The UK's headline inflation rate accelerated to 2.5% in December on an annual basis, which was lower than expectations that the consumer price index would grow by 2.6%. The consumer price index had grown by 2.3% in November.
🔴 The US Securities and Exchange Commission has filed a new lawsuit against the famous billionaire Elon Musk, accusing him of fraud and violating laws during his acquisition deal of the microblogging platform "Twitter", which he later converted to "X".
• The "commission" said in its lawsuit that "Musk" violated the securities law by acquiring Twitter shares "at artificially low prices."
⚠️ The market expects the Federal Reserve to cut interest rates only once in 2025.. This is less than the approximately 5 interest rate cuts expected in September.
💻 4 times not to trade .. 📊 ⭐️The first hour of the market opening on Monday: - Monday morning may be the right time to avoid when it comes to trading, but Monday afternoon is a different story. ⭐️The first hour of each day: - The best time to trade Forex is from 8 am to noon when the New York and London stock exchanges overlap, these two trading centers represent more than 50% of all Forex trading. ⭐️The time of big news: - Global and economic news, political and military crises and sudden ne
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