The new U.S. Treasury Secretary's Hold Positions: S&P 500, Nasdaq, Bitcoin, Gold...
Bescent holds over 50 million dollars in S&P 500 and Chinaamc NASDAQ 100 ETF(QDII), between 0.25 million and 0.5 million dollars in iShares Bitcoin REITs ETF, as well as over 50 million dollars in US government bonds. Additionally, it includes various assets such as artworks, antiques, farmland, and luxury homes, with total assets amounting to at least 0.521 billion dollars.
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.
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
Gold Price Stands Tall Near Multi-week Top; Looks to US NFP for Fresh Impetus
Gold continued to rise, with COMEX Gold Futures closing up by 0.47%.
Gold continued to rise, as traders considered the prospects of the Federal Reserve's easing path ahead of the important employment data released on Friday. COMEX Gold Futures rose by 0.47%, closing at $2692.6 per ounce; COMEX Silver Futures increased by 0.93%, closing at $31.03 per ounce.
Why investors are still buying gold despite a strong dollar and rising Treasury yields
Gold: Rebound Towards Last Month High at $2725 Is Possible – Société Générale
Gold: China's Central Bank Buys More Gold – ING
Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
Gold Prices Muted as US Rate Jitters Build
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Gold Futures Close Higher On Weaker US Dollar
Gold Price Posts Strongest Annual Gain in 14 Years Despite ETF Outflows – Commerzbank
Gold Declines After Trump Says His Tariffs Won't Be Pared Back
Gold Futures End Lower
Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025
"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."
①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.