Against the backdrop of France's fiscal crisis and riots, funds are flowing into the bond market, while the view has been reported that inflows into the gold market remain limited. In the NY market, attention is focused on the large IPO of AI company Anthropic.
Funds are flowing out of French government bonds amid the continuing fiscal crisis and riots, with money within the bond market moving into US Treasuries, German government bonds and Japanese government bonds. Some believe that flight capital is not flowing into the gold market and that government bonds are being chosen over gold as a safe-haven asset.
Gold prices are currently trading broadly around the $4,000 level, and buying is said to continue to emerge when prices fall to around $3,990. Some believe that an increase in the People's Bank of China's official gold holdings could push gold prices higher, but reports indicate that activity in the gold market remains limited at present.
The focus of attention in the NY market is Anthropic, the developer of the conversational AI Claude, whose IPO is said to be the largest in history. Along with the release of its prospectus, proceeds are expected to reach approximately $100 billion. This has prompted market speculation that selling gold to buy Anthropic shares will become more widespread amid the AI boom.