As the price of gold cannot maintain the rise above US$1,900, more and more gold shorts are getting out of the predicament. Singapore’s OCBC Bank is the latest institution to make negative forecasts of gold prices. Their analysts said that gold prices peaked because they expected real bond yields to rise as inflation concerns began to weaken. And analysts said that due to the weakness of the US labor market and the decline in inflation expectations, it means that the current actual yield may continue to trade within the range. In addition, their interest rate strategists predict that the US real yield may find a bottom of -1.0% in the short term and slowly rise to -0.6% by the end of 2021. This shows that gold may have peaked at the current level of $1,900.
Digital asset management company CoinShares released data on Monday showing that as of June 11, due to the sell-off of institutional investors, cryptocurrency investment products and funds recorded capital outflows for the second consecutive week. The world’s second largest cryptocurrency by market value, Ethereum, The outflow of funds in a single week set a record. According to data, the outflow of cryptocurrency funds reached 21 million U.S. dollars last week. Since mid-May, the total outflow of funds has reached 267 million U.S. dollars, accounting for 0.6% of the total assets under management. Among them, the outflow of funds from Ethereum reached 12.7 million U.S. dollars last week, setting a record for the largest single-week outflow. In addition, the data also showed that the outflow of Bitcoin, the world’s largest cryptocurrency by market capitalization, fell to 10 million U.S. dollars last week, which was lower than the record outflow of 141 million U.S. dollars in the previous week. Because Tesla CEO Musk said on Monday that Tesla may resume Bitcoin trading, Bitcoin once again exceeded $40,000.
場外式黃金/白銀交易由 Max Online 提供。場外式黃金/白銀交易涉及高度風險,未必適合所有投資者。高度的槓桿可為閣下帶來負面或正面的影響。場外式黃金/白銀並非受證券及期貨事務監察委員會(「證監會」)監管,因此買賣場外式黃金/白銀將不會受到證監會所頒布的規則或規例所約束,包括(但不限於)客戶款項規則。閣下在決定買賣場外式黃金/白銀之前應審慎考慮自己的投資目標、交易經驗以及風險接受程度。可能出現的情況包括蒙受部分或全部初始投資額的損失,或在極端情況下(例如相關市場跳空)產生更多的損失。因此,閣下不應將無法承受損失的資金用於投資。投資應知悉買賣場外式黃金/白銀有關的一切風險,如有需要,請向獨立財務顧問尋求意見。