On Wednesday (April 29), at the close of trading in New York, spot gold fell by 1.15% to $4,544.05 per ounce, continuing its overall downward trend. It traded within the range of $4,610.29-$4,510.32, hitting a daily low at the beginning of the U.S. stock session. During the Federal Reserve's resolution statement release and Jerome Powell's press conference, trading hovered near $4,540.
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Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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