Meanwhile, the New York Federal Reserve revealing this morning the amount of US treasuries held by global central banks hit its lowest in more than a decade. The drop of about $130 billion just since August, raising fears that global ddollarization is accelerating. For more, let's bring in BK Asset Management, managing director of FX Strategy, Kathy Lean.Kathy, great to have you with us. It's not just this drop held in treasuries held at the New York Federal uh Reserve Bank, but it's also the rise in gold. ...

According to Bloomberg, Deutsche Bank stated in a new report that rising institutional adoption and ongoing de-dollarization may lead global central banks to include Bitcoin and gold as core reserve assets by 2030. Bitcoin could serve as a new pillar of financial security, similar to the role gold played in the 20th century. The report emphasized that both Bitcoin and gold would act as complementary, rather than replacement, assets to the U.S. dollar. https://t.co/Ol25g7nkIZ ...

Group 1: Gold and Dollarization - Central banks now hold 27% of their reserves in gold, surpassing US Treasury holdings, indicating a strong trend of dollarization that has been ongoing for over five years [2][4] - The debasement trade has gained momentum, particularly during the government shutdown, with ETFs seeing inflows of 110 tons recently [2][3] - Investors are diversifying their portfolios away from tight credit spreads in fixed income and stretched equity markets, leading to increased interest in metals including gold, copper, silver, and platinum [3][5] Group 2: Copper and Industrial Metals - Copper has seen a nearly 25% increase year-to-date, driven by long-term underinvestment and unexpected demand surges from AI data centers and defense-related needs [7][8] - Major copper mines are facing supply issues, resulting in a loss of approximately 500,000 tons, contributing to a market deficit and potential for further price increases [8][9] - The term "copper is the new oil" reflects its strategic importance in global electrification efforts, highlighting the critical role of copper in future energy transitions [8] Group 3: Crude Oil Market Dynamics - Crude oil has been under pressure due to an anticipated supply glut, yet this has not affected physical market prices, which remain stable [10][11] - The current backwardation in crude oil prices and high refining margins suggest that the market is not responding to the expected supply wave, as consumers are likely to utilize the oil rather than store it [11][12] - Despite concerns about a large influx of supply, crude oil prices remain around $65 to $66 per barrel, indicating resilience in the market [12][13]

A scorching gold rally is helping China get one step closer to its goal of building a world less dependent on the US. Read The Big Take: https://t.co/RMBNxYzd02📷️: Lam Yik/Bloomberg https://t.co/omKJ9ZrJIT ...

A scorching gold rally is helping China get one step closer to its goal of building a world less dependent on the US https://t.co/BwIWF2HloU ...

北京时间10月8日，国际现货黄金价格盘中一度升破4000美元/盎司，为历史首次。前一日，国际期货黄 金价格盘中冲上4000美元/盎司关口。 此外，隔日，现货白银日内继续走高，触及49美元/盎司整数关口，为2011年以来首次，日内涨2.4%。 西部证券认为，当前随着美元信用裂痕持续扩张，金价将开启长期牛市。重启降息意味着美联储独立性 受损，未来美联储独立性会持续受到损害，黄金的储备价值将进一步彰显，目前处于第3波主升浪行情 早期。 *免责声明：文章内容仅供参考，不构成投资建议 国信证券表示，综合长期逻辑与短期因素，当前黄金市场的支撑体系依然稳固。长期而言，全球货币信 用体系重构、去美元化趋势、各国央行持续购金以及供需结构性失衡等因素构成了黄金上涨的核心支 撑，这一支撑体系在未来2-3年内难以发生根本性改变，因此黄金的长期牛市趋势仍将延续。 *风险提示：股市有风险，入市需谨慎 短期来看，9月份以来的上涨动能虽有所释放，但美联储宽松周期的延续、地缘政治风险的常态化以及 市场投资需求的持续流入，仍将推动金价维持高位震荡偏强的格局。 公司方面，据上市公司互动平台表示， 赤峰黄金：公司在9月10日的投资者关系活动记录表中 ...

Zooming in on that a bit more, and the focus settles on the easy policy king: Japan. From 'NIRP' and 'ZIRP' to yield curve control, from QE to record public debt, Japan in recent decades has single-mindedly pursued policies often considered unorthodox, unworkable or unrepeatable elsewhere.A U.S. capex boom in AI is driving solid growth and earnings expectations, inflation in much of the developed world is above the 2% target, financial conditions are the loosest in years, public debt dynamics are deteriorat ...

Citadel's Ken Griffin dropped an absolute harsh truth in an interview with Bloomberg yesterday. He said, "We're seeing substantial asset inflation away from the dollar as people are looking for ways to effectively dd dollararize or d-risk their portfolios via US sovereign risk." So why would these people want to ddollarize. The story is very simple.Trump said America can grow its way out of the debt. What it really means is debasement. Shutdowns highlight the erosion of trust in US institutions and they bel ...

(Bloomberg) — Gold hit a record high just below $4,000 an ounce as the US government shutdown, a wobble in technology stocks, and political shake-ups in Japan and France buoyed demand. Bullion rose as high as $3,999.41 an ounce, before paring some gains. December futures in New York — the most active contract — surpassed $4,000 for the first time on Tuesday. Most Read from Bloomberg The US shutdown, now into its second week, has delayed key data, muddying the outlook for the Federal Reserve’s rate-cutt ...

Gold is at record highs and the appreciation in other dollar substitutes, to use that word loosely in items like crypto, for example, is unbelievable. So we're seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-dollarize or de-risk their portfolios vis-à-vis US sovereign risk. Are you really seeing that.Just check the price of gold. I mean, I don't have to look very hard. It's a life of its own, gold.No. But it's a life of its own, as you see sovereigns ...