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After a 30% surge this year, who will buy gold next year? JPMorgan: Global central banks, Chinese mothers, and Western Gold ETFs all have room for growth.
Driven by macroeconomic uncertainty and expectations of interest rate cuts by the Federal Reserve, Global central banks, China Consumers, and Gold ETFs are set to become the main buyers of gold next year. JPMorgan predicts that the gold price may exceed $3,000 per ounce by 2025.
Express News | The world's largest gold etf--SPDR Gold Trust has reduced its hold positions by 1.15 tons compared to the previous trading day, with the current position amounting to 870.79 tons.
World Gold Council: For the first time in six months, there is a net outflow from gold etf.
The World Gold Council stated that the global gold market experienced a large-scale closure, with 28.6 tons of gold outflow from the etf market in November.
Express News | World Gold Council: Global gold ETFs experienced a monthly outflow in November for the first time since April, with a total outflow of 2.1 billion dollars. Europe had the largest outflow (-1.9 billion dollars), while North America (+79 million dollars) wa
Cantor Fitzgerald warns of inflation risks and recommends bitcoin and gold etf as safe-haven choices.
Cantor Fitzgerald pointed out that inflation issues will continue to pose a challenge and there are significant upside risks.
Express News | The largest gold etf in the global market, SPDR Gold Trust, increased its hold positions by 1.44 tons compared to the previous day, with a current hold position volume of 879.41 tons.