China’s central bank expanded its gold reserves for a second straight month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.
At $2717 Gold is priced at 71% of its $3818 Dollar debasement valuation, even as rightly adjusted for the increase in the supply of the yellow metal itself.
Gold prices notched a series of highs in 2024 and the run could extend into 2025, in part because investors are so pessimistic on geopolitics and government debt.
Jobs data better reflecting reality will be bullish for gold; traders will expect a lower federal-funds-rate trajectory ahead. Gold stocks will soar on resulting higher prevailing gold prices.
