Gold futures hit record highs! Boosted by increased demand for safe haven and the most active contract conversion

Most analysts are still bullish on the price of gold. Goldman Sachs said the metal could reach $2,000 within the next 12 months. Citigroup believes there is a 30% chance that prices will break through this level by the end of this year.

彭博环球财经Jul 27, 2020 07:59

Why is gold worth holding for a long time?

Increased volatility, increased uncertainty, and inflationary pressure are all good for gold, and long-term investors should now hold a portion of gold in their portfolios. In the past few months, although median inflation expectations did not show a clear trend in the impact of the COVID-19 pandemic, there was a significant increase in respondents' uncertainty and disagreement about inflation expectations. Although short-term deflation is unavoidable, respondents are divided about how long deflation will last: some think inflation expectations may rise suddenly within 12 months, while others think deflation will continue for at least 3 years. Therefore, in the short to medium term, asset prices

金十数据Jul 14, 2020 11:18

It's only up 69%! The gold bull market is far from over!

Authorities designated for global monetary policy, such as the Bank of Japan and the European Central Bank, are all interested in continuing to maintain considerable easing in a context where the prospects for the mitigation of the epidemic are still variable. This has made the continued strengthening of gold a source of hope.

汇通网Jul 8, 2020 22:55