策略师们表示，在11月5日大选之前，其他近期流行的交易，如买入人工智能股票，也在持续。本周，美国10年期国债收益率短暂突破4.2%，为自7月以来的最高水平，Bank of America pointed out that the inflow of funds into gold etf reached $3.1 billion, recording the largest single-week fund inflow since July 2020.
According to strategists at Bank of America, investors continue to increase their holdings of gold to hedge against the inflation and populism risks brought by the upcoming U.S. election.
Led by Michael Hartnett's team, they wrote that gold hit an all-time high on Wednesday, with gold ETF inflows reaching $3.1 billion, marking the largest weekly inflow since July 2020.
Strategists say that leading up to the November 5th election, other recent popular trades like buying ai stocks are also continuing. This week, the U.S. 10-year treasury notes yield briefly exceeded 4.2%, reaching its highest level since July, while the stock price of the U.S. chip company nvidia also hit a record high.
However, strategists warn that weak wage data suggesting an economic recession could lead investors to 'retreat from the stock market to the bond market,' and any inflation surge due to election-related policies may prompt the Federal Reserve to consider rate hikes, impacting technology stock trades.
Gold trading is part of investors' broader investment strategy, aimed at addressing the possibility of Trump winning the election. The U.S. dollar has also rebounded, as investors bet that a Republican candidate victory would trigger an inflation rebound, rising budget deficits, and a potential trade war.
According to swing state polls, the competition between Trump and Harris is currently very intense, with betting odds currently leaning more towards Trump.
BofA strategists cite american commoditiesFutures Trading Commission (CFTC)'s latest data shows that investors are significantly reducing their net short positions in US soybean, corn, and wheat contracts, easing bearish sentiment in the market.According to the Commodity Futures Trading Commission (CFTC) data, hedge funds have not been this bullish on the US Dollar since June 2021.
Emerging markets are facing difficulties, with emerging market stocks experiencing the largest outflow of funds since April 2020, amounting to $7.2 billion. European stock markets also continue to see capital outflows, with a total of $8.5 billion withdrawn in four weeks, indicating investors' global cautious attitude towards non-U.S. markets.
In contrast, over the past three weeks, US bond funds have recorded $4 billion in inflows, indicating that demand for them remains stable as uncertainty increases.Its price has soared to a historic high, closely related to market expectations of interest rate cuts by the Federal Reserve.remains stable.
