With the inflation expectations strengthening, gold prices are rising, and the Copper LC price difference is widening again.
Last week, the market continued to move toward the narrative of strong economic resilience, a solid labor market, and increasing re-inflation expectations, with both gold and copper strengthening. Initially, there were concerns in the market about Trump imposing tariffs on refined copper imports, which widened the price gap between COMEX copper and other regions, and the rebound in COMEX copper prices was particularly pronounced. Subsequently, crude oil rebounded sharply due to concerns over the USA's sanctions on Iran, coupled with strong non-farm payroll data on Friday and hawkish statements from Federal Reserve officials, leading to a continued reduction in market expectations for interest rate cuts from the Federal Reserve this year.
Tianfeng: Gold vs Bitcoin, which can replace the US dollar?
AI represents plan A to maintain the hegemony of the dollar, while Cryptos represent plan B to hedge against challenges to the dollar's position. However, whether it is Bitcoin or AI, Energy is an essential element that cannot be overlooked.
Risk aversion sentiment sweeps through! Unexpected non-farm data cannot stop the strong rise of Gold.
Gold prices rose further on Friday, marking a strong end to the week.
Gold Futures Outlook Remains Bullish For Next Week
Gold Gains as Traders Seek Haven Amid Tariff, Inflation Worries
Gold Climbs To US$2,690, Analysts Maintain Bearish Trading Bias
