Gold

Election muddies India’s outlook, Rise of central bank gold demand

 Commentary: Election muddies India’s outlook

By Prakash Sakpal in Singapore

Conditions are becoming murky in the lead up to India’s general election in May. Prime Minister Narendra Modi’s popularity is falling, and the losses of his BJP in state assembly and other by-elections dim his prospects for a clear win. The government’s drive to boost growth has shifted economic policies into an expansionary mode.

Last October the RBI moved its policy stance to ‘calibrated tightening’, citing sustained...

http://www.allaboutshipping.co.uk/2019/02/05/election-muddies-indias-outlook-rise-of-central-bank-gold-demand/

Desmond Lachman on US monetary policy, Danae Kyriakopoulou on Banxico independence and more

OMFIF Update  – Week 5 2019

28 January-1 February 2019 Vol.10 Ed.5

REPORT 

The rise of central bank gold demand
Since the 2008 financial crisis there has been renewed interest in gold’s unique characteristics as a safe haven asset that is nobody’s liability.

This, combined with scepticism over prospects for some of the main reserve currencies, as well as heightened geopolitical risks, has amplified gold’s appeal.

Read more.

COMMENTARY PM must push Brexiteers against the wall
Prime...

http://www.allaboutshipping.co.uk/2019/02/02/desmond-lachman-on-us-monetary-policy-danae-kyriakopoulou-on-banxico-independence-and-more/

Hedging inflation with gold, The future of the dollar

Commentary: Hedging inflation with gold

By Aimee Bowkett in London

Gold has fallen out of favour in financial markets, hitting a 19-month low in August. However, it is seen as a good hedge against rising inflation. Since the gold standard was dropped in 1971, no country has seen average inflation below 2% and only 28 have seen it average below 5%.

While the Fed reduces its balance sheet, gold could be particularly attractive as a safe haven against equity market crashes. Importantly though,...

http://www.allaboutshipping.co.uk/2018/10/18/hedging-inflation-with-gold-the-future-of-the-dollar/

Fed moves to a hawkish consensus, Executive Programme in Gold Reserves Management

Commentary: Fed moves to a hawkish consensus

By Darrell Delamaide in Washington

At the Federal Reserve, the doves are flocking to the hawk side of the perch as a consensus grows that policy-makers should temper robust US growth with a steady increase in interest rates, reflecting strong growth, low unemployment and inflation approaching the Fed’s 2% target.

The 16 members of the Federal Open Market Committee have raised their expectations for US growth both this year and next, with Fed presidents...

http://www.allaboutshipping.co.uk/2018/10/01/fed-moves-to-a-hawkish-consensus-executive-programme-in-gold-reserves-management/

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