Gold: Strong demand and rising prices – Rabobank

Rabobank analysts discusses the current state of Gold and Silver, noting that Gold is now trading well above $5000/oz and Silver above $100/oz. The report highlights a shift from financial assets to material assets, with a growing narrative of 'sell America' and de-Dollarisation. Despite this, demand for US Treasury auctions remains strong, and the use of the US Dollar in international payments is increasing.

Gold and Silver price trends

"Fast forward to today and gold is now trading well above $5000/oz. Silver is trading well above $100/oz."

"The financial has given way to the material and the fashionable narrative is now ‘sell America’ and de-Dollarisation."

"However, on the other side of the ledger we continue to see strong demand at US Treasury auctions and SWIFT data shows that the use of the US Dollar in international payments is actually increasing, mostly at the expense of the Euro."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)