Weekly Markets Monitor

Gold prices rose over 2% last week as geopolitical tensions and a softening US dollar provided support, while markets reached new highs driven by a concentration in semiconductor stocks.

Key Takeaways

• 1.Semiconductor stock concentration has reached extremes, propelling the S&P 500 but creating mean reversion risks that favor gold as a hedge.
• 2.Gold prices rose 2.3% last week to US$4,741/oz, supported by easing inflation concerns and cooling Middle East tensions which weighed on the US dollar.
• 3.Central banks in Australia and Norway raised rates due to persistent inflation concerns, while US markets focused on strong corporate earnings.

Table of Contents

• What you need to know – A seminal moment
• All about Gold
• Market movement across global trading session
• The week ahead
• Things to look out for...
• Gold technicals
• Market performance and positioning
• Key Resources
• COMEX positioning (tonnes)
• Gold Return Attribution Model (GRAM)
• Gold Drivers
• Key Technical data
• Last week's ECO data
• Recap of the week
• Weekly COMEX futures positioning data
• Weekly ETF Flows
• Year-to-date ETF Flows
• Gold market trading volumes
• Gold options volatility overview
• Gold options delta skew
• ETF Options: OI notional by strike
• Future Options: OI notional by strike
• Technical Analysis Glossary

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial