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The most aggressive expectations for Gold have arrived! Bank of America is fully confident: it will surge to 4000 dollars within the year.
① Analysts at Bank of America predict that gold prices could reach $4,000 per ounce in the second half of the year, which is one of the most aggressive forecasts currently on Wall Street; ② Bank of America believes that for gold prices to reach $4,000, certain specific conditions need to be met: an increase in gold investment and stabilization in jewelry demand; ③ In addition, the bank points out that geopolitical uncertainties caused by global trade and concerns over the U.S. government's fiscal outlook are driving the increase in gold prices by the end of the year.
Gold sweeps away the downturn during the "China time zone", rising significantly back to 3400 dollars.
Spot Gold has once again risen "on time", recovering most of yesterday's losses, increasing by nearly 50 dollars, and standing above 3400 dollars again.
The reason for the sudden sharp pullback in Gold is here! Gold price plunged $55 in Asian trading. How to Trade Gold on this crucial day?
On Wednesday during the Asian session, spot Gold maintained a significant downward adjustment, with the current price around $3,375 per ounce, having dropped $55 during the day. FXStreet Analyst Haresh Menghan stated that Gold prices have sharply declined from the two-week high reached the previous day, as news of trade talks between China and the U.S. in Switzerland this week boosted investor confidence and impacted traditional safe-haven assets.
Galaxy Securities: The logic for the long-term rise in Gold prices remains unchanged; investors should take advantage of price corrections to position in the Gold Sector.
Galaxy Securities stated that the logic for the medium to long-term rise in Gold prices remains unchanged and recommends positioning in the Gold Sector during pullbacks.
Market quick glance | Three major indices showed mixed results, with the Hang Seng Index up by 0.70%; gold and beverage-related Concept stocks performed well, Chifeng Jilong Gold Mining rose nearly 13%, and Cha Bai Dao increased by almost 11%.
Network Technology stocks are generally rising, MEITUAN-W increased by 4.53%, XIAOMI-W decreased by 2.92%; Golden Industrial Concept stocks are generally rising, Chifeng Jilong Gold Mining increased by 12.86%, LINGBAO GOLD increased by 8.34%; Hong Kong Retail Stocks are rising, CHOW TAI FOOK increased by 5.65%, BONJOUR HOLD decreased by 5.50%.
The major bull market for Gold has arrived! Goldman Sachs: If this scenario occurs, Gold prices may skyrocket to $4,500.
Goldman Sachs, a giant in the banking industry, has released a bullish report on gold, stating that if an economic recession becomes a reality, the Target Price for gold could reach $3,880 per ounce by the end of 2025. Furthermore, Goldman Sachs warns that if the Federal Reserve loses its independence, the gold price could soar to $4,500 per ounce.