Société Générale (Socgen) published the latest gold report and weighs pros and cons for gold. The French Investment Bank questioned the commodity super cycle by stating that searches and articles for the term decreased significantly. In terms of yellow metal, the bank said that the probability of increasing prices is much lower. Kriptokoin.comAs, we have compiled the comments of Socgen analysts for you, let’s examine together…
SOCGEN: The limited gains of the gold price does not point to good for their expectations!
In his Socgen report, he drew attention to the following important issues:
Despite low rates of gold and high inflation, limited gains do not point to good for their expectations. Our economists still support him in the near future because they expect the money and finance policy to remain very flexible. The conviction of the analysts stems from the expectations that we will start to see moderate entrances towards the end of the year. And even though real rates will continue to be negative, any indicator that they can return to the positive faster will really weaken investment flows. Sustainable costs have increased due to low average notes, higher labor costs and other costs related to the COVID-19 pandemis. Demand: The demand is globally normalized, but the demand for jewel is not particularly normal. Although our analysts expect to see a return to normal, they are still expected to recover to pre-COVID-19 levels.
Socgen analysts analyzed markets!
Silver was not mentioned, but the report was talking about copper. The Bank said that sensitivity has begun to reversality and that a large mine supply would confirm the decline tendency in prices. Analysts expect copper prices to continue to correct. Decrease forecasts for the current period have been achieved and now they expect the decline tendency to continue. A super -loop, energy transition and green financial incentives are decreasing the rise momentum and feeling around.
On the supply side, the bank said that the global trade after the pandemi stopped in April-May this year. In this, supply bottlenecks and transportation problems had a direct impact. There is a danger that the manufacturing sector cannot quickly meet the repressed demand and that the copper demand will effectively limit the upward growth potential of the copper demand in the coming months. Socgen analysts are waiting for the recovery of consumption in terms of demand. However, as predicted earlier this year, Chinese consumption has recently stopped due to the economy that softened in the manufacturing sector.
