11 articles · Updated · The Wall Street Journal · May 3
The metal gained 0.1% to $4,617.35 an ounce, with Saxo Bank's Ole Hansen citing resilience despite typical inflation-related headwinds.
He said investors were increasingly focusing on risks to growth, financial stability and geopolitical uncertainty rather than near-term inflation fears.
Renewed yen strength after Japan's intervention could tighten global financial conditions through carry-trade unwinding, potentially adding support for defensive assets such as gold.
As central banks swap dollars for gold, what is the next shift in the global financial power balance?
With war fears and record debt fueling its rise, what could stop gold’s climb to a predicted $8,000?
Could the unwinding of a massive yen carry trade be the hidden trigger for the next global market collapse?