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Gold is brewing a major breakout trend! The important employment data from the USA and ISM Indicators are here. How to trade Gold prices?
On Tuesday morning in the European market, spot Gold is maintaining a rebound trend during the day, with the current price around $2,644 per ounce. FXStreet senior Analyst Dhwani Mehta wrote that the Gold price is staying in the Range near $2,640 per ounce, and starting from Tuesday, the USA will sequentially release employment data.
Industry experts predict for 2025: Gold remains strong! Several CSI Commodity Equity Index face immense pressure.
Almost all CSI Commodity Equity Index are likely to face pressure this year!
With "Trump 2.0" approaching, Wall Street is confident that Gold will continue to shine! The reasons are as follows……
① In 2024, Gold skyrocketed by 27%, marking the largest annual increase since 2010, primarily due to central banks making large purchases, the Federal Reserve's monetary easing policy, and geopolitical risks causing market turmoil. ② In 2025, investors expect Gold to remain attractive, as Trump's new term brings uncertainty, potentially driving Gold purchases to hedge against risks.
LOCO HK (08162.HK) plans to conduct a placement at a discount of approximately 15.79% for up to 0.166 billion shares, raising a net amount of 78.8728 million Hong Kong dollars.
Gelonghui, January 3rd丨LOCO HK (08162.HK) announced that on January 3, 2025, the company entered into a placement agreement with the placement agent, whereby the placement agent (acting on behalf of the company) agrees to use its best efforts to arrange for no less than six subscribers (who and their ultimate beneficial owners will be independent third parties) to subscribe for up to 165,880,800 placement shares at a price of HKD 0.48 per share. Assuming that there is no change in the company's issued shares from the date of this announcement until the deadline, the maximum of 165,880,800 placement shares will account for 20% of the company's existing issued shares;
As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.
Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.
Emerging-Market Currencies Diverge From Gold on Trump Haven Bid