Gold-Silver Weekly Update 19/09/26: Is SGD8000 Gold by end 2026 a possibility?
#Click on animated GIF of Gold monte carlo GARCH GBDT simulation forecast. • On 16 Sep, the Fed raised the Fed Funds rate by 25 basis points from 3.75% to 4.00%. • On 18 Sep, the BOJ did the same, raising its uncollateralized overnight interest rate from 1.00% to 1.25%. • Bond yields rose with 10-year Treasuries breaching 5% and 30-year breaching 5.38 % • The USD saw a modest rally with the DXY index in the 99 to 100 range • Oil prices rose with WTI reaching US$112 for a brief moment as US/Iran/Yemen Houthis tensions were exacerbated But Gold and Silver did not follow the rules of Economics and Finance which states that gold price should be falling. Their prices initially fell to a yearly low on Mon, Tue, Wed before sharply recovering on Thu, Fri. See Table below: The five main reasons for this unusual behaviour: • Investors are now not concerned that holding gold does not pay interest, but are viewing it as a hedge against inflation and global ...