Laurent Maurel

China is once again causing concern among analysts. Fears of a deflationary wave originating in China are weighing on commodities and stimulating the accumulation of positions in gold ETFs.

August began with a financial earthquake in Japan. The Nikkei experienced a "Black Friday" with a drop of almost -15%. It all began when the Bank of Japan (BoJ) decided to raise rates at its last meeting, ending the negative rate policy with a rise to 0.25%.

Do Microsoft's results mark the end of a cycle for growth stocks? Will the prospect of lower rates be enough to reverse the current trend in investor sentiment towards technology stocks?

The US real estate market is paralyzed as it awaits a Fed rate cut, while the reduction of import duties on gold in India stimulates demand for precious metals.

Gold is currently benefiting from concerns over the dual problem of debt and deficit in the United States. The more tangible the signs of economic slowdown, the more gold will succeed in reaching highs.

Gold will probably continue to rise until ETF outstandings reach their highest levels, which is still a long way off. Especially as demand for physical gold remains very strong. Despite the high price of an ounce of gold, central banks continue to buy precious metals on a massive scale.

The global economic slowdown is having a direct impact on the accelerating depreciation of the Japanese currency. Under these conditions, the price of gold in yen continues its parabolic rise.

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.