An increase in gold-price volatility has made bullish options on the traditional haven more expensive than yen equivalents, wrote strategists including Alessio Rizzi in a note Monday.
“Implied volatility and options-call skew are expensive now for gold and buying calls on the yen appears attractive,” they said. “With gold positioning becoming more stretched, the yen might be a more attractive hedge tactically.” Holdings in bullion-backed exchange-traded funds have hit the highest level since 2013 thanks to a combination of global-growth concerns, geopolitical concerns and plans by central banks to restart monetary stimulus. Spot gold is up 11% this year. The yen has only risen 1.6% against the dollar — less than half the gain for the un-havenlike Canadian dollar.
Gold and the yen both might benefit in the case of a shock U.S. intervention to weaken the dollar, the Goldman strategists wrote.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BUSINESS MAVERICK: Hydrogen fuel-cell cars could spell boom or bust for SA platinum industryEffervescent multi-entrepreneur Elon Musk famously described hydrogen-powered fuel-cell cars as ‘mind-bogglingly stupid’. The 200,000-plus people employed in SA’s platinum mines better hope he is wrong, because if he is right, the platinum industry is destined to go the same way as SA’s gold industry.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: Monday, July 22: Five Things You Need to Know to Start Your DayHong Kong protests descend into violence again, the U.K. steps in to lower Iran oil tensions, and Japan’s Prime Minister Shinzo Abe falls short of a supermajority despite election win. Here’s what’s moving markets.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: India Closely Monitoring 50 Shadow Banks for Signs of ContagionIndia’s central bank is seeing “signs of fragility” in some of the 50 mortgage lenders and other shadow banks it is monitoring to prevent the spread of a crisis that followed the collapse of a non-bank lender last year.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: Oil Extends Gains as Iran’s Seizure of Tanker Keeps Tension HighOil extended gains as tensions in the Persian Gulf remained elevated after Iran seized a British tanker, and Libyan production fell after an unidentified group reportedly shut the country’s largest field.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Business Maverick: From Tesla to Twitter; the mixed-bag results season so farThe upbeat picture painted by July's blowout bank earnings heralded a promising earnings season. Too bad other industries didn’t get the memo.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
BUSINESS MAVERICK: Community wants ConCourt to declare R5bn Lonmin deal illegalSix North West mining communities have launched an application at the Constitutional Court to appeal against a Competition Appeal Court judgment that paved the way for the more than R5-billion merger between Sibanye and Lonmin to be approved. They want both companies to restart merger talks, this time involving Rustenburg mining communities.
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »