Discussion: Gold and Silver EFP leads to mini Comex Squeeze (Chat GPT Hates Silver)
Premium: ING Commodity Outlook 2025
Discussion: Exposing Chat GPT Anti-Silver Bias
ING: Commodities Outlook 2025
For metals, we believe gold will hit new record highs in 2025. Central banks are set to continue to ease monetary policy, and there could be a move to safe haven assets due to an escalation in trade tensions. We also believe that central banks will remain strong buyers of gold as they look to diversify their reserves.
The Nasdaq Comp rallied above 20,000 for the first time as Alphabet, Tesla, Amazon and Meta closed at record highs. Large caps bested small caps: S&P 500 (+0.82%) vs. Russell 2000 (+0.48%). MSCI Emerging Markets (EEM) and MSCI EAFE (EFA) rose 0.41% and 0.63% respectively.
Market News:
"The consumer price index showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month.
"Apple is working with semiconductor company Broadcom on its first server chip designed to handle AI applications
"Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual. Bloomberg
"A record year for the exchange-traded fund industry recently crossed another milestone, surpassing $1 trillion of total inflows for the first time..CNBC
Politics/Geopolitics:
Israeli Defense Minister said there is a chance for a deal that will release all hostages, including US citizens, according to Reuters.
"Hamas agreed to the presence of Israeli forces in Gaza after a ceasefire goes into effect", according to Kann News.
"Israeli army announces the withdrawal from the tents area in southern Lebanon in accordance with the ceasefire agreement ", according to Al Arabiya.
US President-elect Trump is reportedly considering ex-intelligence chief Richard Grenell as Special Envoy for Iran, according to Reuters sources; the article suggests consideration of a key ally for the position sends a signal that Trump may be open to talks.
US House of Representatives passed USD 895bln defence policy bill, according to Reuters.
Data on Deck:
MONDAY, DEC. 9 10:00 am Wholesale inventories
TUESDAY, DEC. 10 8:30 am U.S. productivity (revision)
Gold’s rally isn’t over just yet Gold has had a record-breaking rally this year, supported by the Fed’s easing cycle, central bank purchases and safe-haven demand amid heightened new highs in 2025 Ewa Manthey Commodities Strategist ewa.manthey@ing.com geopolitical and economic risks. We believe the bullish macro picture combined with safe-haven demand and central bank buying will continue to drive gold to new highs
