Laurent Maurel

The slowdown in the US economy is amplified by structural problems in the labor market and inflation, masked by a rise in part-time employment and temporary support measures, with an increased risk of recession due to the prolonged inversion of the yield curve.

When a single stock soars, we often lose sight of the bigger picture. NVIDIA, for example, allows us to overlook the fact that banks are facing record losses due to the collapse of the bond market.

The release of a lower-than-expected US CPI and the Fed's decision to keep rates unchanged sent gold lower, while the dissolution of France's National Assembly caused tensions to mount on the French bond market.

US markets hit new highs thanks to the rise of technology stocks, notably NVIDIA, while European households prefer bank savings. At the same time, China and other BRICS countries are increasing their gold reserves, moving away from the dollar.

Gold acts as the ultimate safe haven in today's bond market. The yellow metal is the asset that will eventually put an end to the irresponsible inflationary policies and growing indebtedness of governments the world over.

The price of gold broke another all-time record in all currencies last week. China remains the main driver of this gold frenzy. Trading volumes on the Shanghai market have exploded in recent days.

Inflation seems to be making a comeback in the United States, as shown by the core PPI figures, which indicate an increase in prices paid by manufacturers. The pulses observed on this indicator foreshadow an increase in prices paid by consumers, pointing to a further rise in the core CPI in the m...

It seems likely that last year's silver shortfall will be repeated next year. Current supply is unable to keep pace with ever-increasing demand.

The fact that the price of gold remains above its break line is a signal that the Fed will not be able to keep rates at this level for very long without jeopardizing the refinancing of US debt.

China is trying to slow down the gold-buying craze, while economic pressures in Japan and the United States keep gold as an attractive asset despite high stock market valuations.

The rise in 10-year US rates accentuates inflation and pressure on consumers, increasing the risk of a market correction.

The price of gold continues to rise, despite the persistent lack of interest shown by Western investors. The decline in outstandings continued in March, albeit less pronounced than in previous months. Even so, this is the tenth consecutive month of outflows from gold-backed ETFs!

The U.S. Treasury bond-buying program is impacting the markets, with potential implications for the dollar and precious metals, notably gold and silver.

The dual situation of the Bank of Japan stalemate - whose credibility is currently being tested by the markets - and the ongoing currency war are clearly benefiting gold.

The United States is entering a period of stagflation, a scenario that is enabling gold to set a new all-time record, confirming last week's breakout. Gold always rises during stagflation.

Janet Yellen and Jerome Powell acknowledge mistakes on inflation. The Fed, and now the Treasury, are now preparing the markets for higher inflation, propelling gold and silver to new highs.

Gold is breaking records in dollars, but also in euros. In Japan, gold is reaching dizzying heights: the depreciation of the currency is even more pronounced in the land of the rising sun.

Currently, the preferred scenario is that of a soft landing for the US economy, while the prospect of a recession is now largely dismissed by most analysts. The fact that the gold price remains above the $2,000 mark reflects concerns about US monetary and fiscal policy.

Gold is once again the preferred investment in Asia, to the detriment of the stock market and real estate. In the West, we're not seeing a gold rush, but rather a rush into technology stocks.

Inflation in the United States is creating tensions between the Fed and the Treasury on monetary policy, resulting in market repercussions with stock declines, bond yield increases, and a correction in gold due to sales in derivative markets.