Gold has surged during the past four terms of the US presidency, Citigroup: Aiming for $3,000 this year!
The price of gold rose by over 50% during President Trump's term, and then rose by 37% during President Biden's term. However, compared to President Bush's term, it can only be considered a "small fry". During his term, gold saw its largest increase since 1989, reaching as high as 215%.
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.
What on earth happened?! Gold prices soared over $80 this week, and fears of the Fed triggering next week's market. How to trade gold?
This week, spot gold has seen a major outbreak, with the weekly gold price skyrocketing by over $80, reaching a level of $2586 per ounce, hitting a new record high. FXStreet analyst Eren Sengezer wrote that gold has accumulated a bullish momentum this week, setting a new historical high. Recent technical trends have highlighted the dominant position of buyers. The Federal Reserve will announce the interest rate decision next week and release the revised dot plot.
Gold: Final Test Before Takeoff? [Video]
Gold Is Going Higher [Video]
Expectations of interest rate cuts becoming a "reassurance pill"! Safe-haven funds are flowing into bonds and gold.
Global investors sold stock funds for the second consecutive week in the week ending September 11th.
Breaking through 2580! The market is experiencing a "golden tsunami", and the expectation of interest rate cuts is the strongest driving force.
①Spot gold prices strengthened by more than $20 in the short term, hitting a high of $2583.36 per ounce, setting a new historical high; ②Traders have raised the probability of the Federal Reserve cutting interest rates by 50 basis points next week from 14% yesterday to 41%. Former New York Fed President Dudley said during the day, "The reasons for cutting 50 basis points are very sufficient."
A new milestone is bound to be set! The gold bulls firmly believe that the price of gold will rise to $3000.
With the global major central banks easing monetary policy and intense competition in the US presidential election, the gold bulls are firmly bullish on the price of gold, which is expected to soar to a new record and is projected to reach the milestone of $3000 per ounce.
This year 2600, next year 3000! Banks are bullish on gold.
Goldman Sachs says gold has the greatest potential for price increase in the near future, and gold remains its preferred tool for hedging geopolitical and financial risks.
Fed to Be the Focus of the Gold Market Next Week – Commerzbank
Gold Gets Lift as Media Revives Debate Over Fed Rate Cuts
Decision Analysis: TA's statement, another 50 basis points rate cut! The yen skyrocketed, and gold reached a new high again.
The dollar fell to its lowest level this year against the yen, while gold hit a historic high, as investors increased their bets on a significant rate cut by the Federal Reserve next week.
Express News | Analyst: Regardless of how much the Fed cuts interest rates, gold will be the biggest beneficiary.
Gold confirmed a major breakthrough! How to trade after the new high in gold? FXStreet senior analyst's technical analysis of gold.
In early European trading on Friday, spot gold maintained an intraday rebound trend, with the current price near $2568 per ounce. FXStreet senior analyst Dhwani Mehta stated that due to the Relative Strength Index (RSI) maintaining a call, gold may have more upside potential.
Gold Miners ETF Expects Continuation of Bullish Trend [Video]
Gold continues to rise, hitting a new historical high again at $2570!
An article published by the 'Fed's megaphone' seems to have disrupted the market's calm, and a significant rate cut bet is on the way!
Express News | Spot gold once reached $2,570 per ounce, hitting a new historical high and rising 0.45% intraday.
Gold price soared to $2568, hitting a new record high! How will it go next? Chief analyst's technical analysis of gold.
In the Asian market on Friday, spot gold continued its upward trend after a sharp rise yesterday, with the current price trading near $2565 per ounce; the price earlier surged to $2568.03 per ounce, hitting a new all-time high. FXStreet chief analyst Valeria Bednarik pointed out that the spot gold price has surged to a historic high and is currently maintaining a bullish momentum.
Express News | Hong Hao: Gold will continue to hit new highs.
Gold hits a new high, and retail investors are rushing into mini gold contracts.
The average daily trading volume of mini gold futures contracts has reached a record high, and retail demand is often highly correlated with the price of gold.