Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

Palladium and platinum better leveraged to recovery than gold – Deutsche Bank

From a high-level perspective on market structure, palladium and platinum are more akin to traditional commodities than gold and silver, although they may sometimes be mentioned in the same breath. In the coming months, economists at Deutsche Bank prefer a long palladium and platinum basket vs gold. 

See – Gold Price Analysis: XAU/USD to test $1,900 amid data disappointments – TDS

Gold investor exuberance is insufficient to re-inflate premium to fair value

“An easing of semiconductor shortages triggering auto plant shutdowns would be helpful for both palladium and platinum, but more so for palladium. Platinum's dependence on investment and jewelry demand is less helpful as these categories in aggregate may be relatively unchanged year on year – a slowdown in ETF accumulation and recovery in Chinese jewelry demand offset one another.”

“Positive US fixed income dynamics for gold begin with stronger inflation prints, an unbroken trend in higher inflation expectations, and a wide US employment gap. The result has been a faltering sell-off in Treasuries, and a resumed decline in real interest rates, a repeat of one of gold's key positive drivers in 2020 (and January 2021). While gold thereby derives short-term support, we think it has limited room to run.”

“Speculative demand is unlikely to inflate the gold premium to fair value nearly as dramatically as in 2020, and may well turn lower again with taper chances rising in Q3.”

“We prefer a long palladium-platinum basket over gold.”

 

EUR/GBP to plummet towards 0.83 in the next 12 months – Danske Bank

EUR/GBP has moved back to 0.86 after SNP failed to secure the absolute majority in the Scottish Parliament election. Economists at Danske Bank are sti
Read more Previous

USD/JPY continues to trade in the negative territory around 109.00

The USD/JPY pair touched its lowest level in nearly a week at 108.86 on Tuesday and seems to be having a difficult time staging a convincing recovery.
Read more Next