Why Gold Remains a Safe Haven

Published by Thomas Andrieu | Aug 23, 2023 | 8447

A recent NBER study shows the close link between the price of gold and the level of real interest rates. This study has attracted criticism for gold, and a Bloomberg article entitled "Gold is no longer a safe haven" has caused quite a stir. In this article, we will demonstrate that the arguments put...

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A 16-Year Gold Cycle?

Published by Thomas Andrieu | Jul 11, 2023 | 11886

This article focuses on a complex property of the gold market: timing. The price of gold can sometimes stagnate for more than a decade, while at other times it can rise dramatically. Even so, gold remains an asset that is more difficult to determine by precise financial cycles.

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The Problem With Gold Production Costs

Published by Thomas Andrieu | Jun 7, 2023 | 11965

Gold mining companies have a significant influence on the price of the yellow metal. With demand for physical gold tending to run out of steam in the first quarter of 2023, the pressure on production costs raises questions about the outlook for the gold price.

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On What Criteria Should You Buy Gold?

Published by Thomas Andrieu | Mar 28, 2023 | 13205

When are economic conditions favorable for the price of gold? Are there technical configurations that are more favorable than others for buying gold? In this paper we propose to conduct an empirical analysis that is essential to any good investor in gold.

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Gold Price to New Heights ?

Published by Thomas Andrieu | Feb 24, 2023 | 15432

Central banks are buying at a historic pace, demand for physical gold is rising sharply, and gold mining production is stagnating due to rising costs. This trend is indicative of a new equilibrium that is, so far, a bullish factor for the gold price.

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Towards a Gold Reversal in 2023?

Published by Thomas Andrieu | Nov 1, 2022 | 47561

2022 will have confirmed our expectations. The price of gold has (so far) remained broadly stable with sharp movements linked in particular to the war in Ukraine. However, as we have shown, these movements are symmetrical with the past evolution of gold prices. Although the year 2022 is not over, th...

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Supply and Demand Sensitivity of Physical Gold

Published by Thomas Andrieu | Sep 13, 2022 | 10743

How does the price of gold coordinate the players in the gold market? Investors, miners, central banks, funds, individuals, etc. How has the behavior of each of these agents been historically influenced by the price of gold? This question is rarely asked by market specialists and yet deserves to be...

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Bond Market: The Threat of Public Debt in the Eurozone

Published by Thomas Andrieu | Jul 4, 2022 | 9360

As public debt in the eurozone approaches 12 trillion (95.6% of GDP), the single European currency has never been so threatened by structural instabilities. On the one hand, the ECB's key interest rate changes are increasingly inappropriate for such a differentiated monetary union. On the other hand...

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2022 Will Mark Gold’s Entry Into A New Cycle Phase

Published by Thomas Andrieu | Dec 20, 2021 | 38180

The relatively sizable historic decline of the gold price makes it possible to draw detailed conclusions about the regular phases of evolution of the price of gold. In this article, we take a look at an exclusive approach to the cyclical nature of gold, the major phases of growth since the 1970s, an...

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Why Gold Is Statistically A Profitable And Stable Asset

Published by Thomas Andrieu | Jun 29, 2021 | 12357

Gold is an eternally stable asset. It has one of the lowest levels of volatility one can find anywhere on the stock markets. What’s more, variations of an extreme nature are very rare. Furthermore, by contrast with most other assets, the absolute gold variations demonstrate stability and a high degr...

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