Gold Is Plunging, So Why Are Central Banks Still Stockpiling It?

Seoul Economic Daily

Once a shining investment, gold has taken a dramatic tumble this year! After soaring to record highs, the precious metal has plunged over 26%, with international gold dropping from $5,195 to around $4,100 per ounce, and domestic prices following suit.  What's behind this sharp decline? Two key factors are at play: a surge in U.S. 10-year Treasury yields to over 5% has made non-interest-bearing gold less attractive, while fears of inflation from high oil prices could prompt further Federal Reserve tightening.  Despite the downturn, savvy investors and central banks are still buying gold on the dips. Goldman Sachs even projects a target of $5,400 by the end of 2027, hinting at significant long-term potential. So, with this significant price drop, is now the golden opportunity to invest? What are your thoughts on the future of gold prices?  #GoldPrice #InvestmentStrategy #FinancialMarkets

Transcript

00:00gold once above 900 000 one per don 375 is now in trouble after hitting a record high

00:06gold has plunged more than 26 percent this year

00:11international gold which soared to 5d 195 per ounce in january has dropped to the 4100 range

00:18domestic gold has also slid from around 250 000 one per gram to the 180 000 range

00:24there are two causes the u.s 10-year treasury yield has surged into the five percent range

00:30dulling the appeal of gold which pays no interest and fears that high oil prices will fuel inflation

00:34letting the fed tighten even further have swept the market still dip buying in central bank gold

00:41purchases worldwide continue steadily and goldman sachs set an end 2027 target of 5 400

00:49leaving room for gains over the medium to long term is now after the plunge the time to buy what

00:55do you

00:55think

카테고리

트랜스크립트

추천