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New Buy Rating for Barrick Gold (GOLD), the Basic Materials Giant
Jefferies Initiates Barrick Gold(GOLD.US) With Buy Rating, Announces Target Price $26
World Gold Council: Will the tariffs from the USA affect the gold market?
In the future, the Gold market may still experience temporary fluctuations. However, there are indications that over time, the depth and liquidity of the Gold market are sufficient to withstand most shocks.
By the end of February, both the scale of foreign reserves and Gold reserves have slightly increased. With high gold prices, experts remind to weigh profits against risks.
① As of the end of February, China's Forex reserves amounted to 3,227.2 billion USD, an increase of 18.2 billion USD compared to the end of January. The decline in the USD roughly drove the rise in the prices of non-USD assets in China's foreign reserves by about 10 billion USD; ② At the end of February, the People's Bank of China held 73.61 million ounces of Gold, an increase of 0.16 million ounces compared to the end of January.
In February, China's Forex reserves increased, and the central bank expanded its Gold reserves for four consecutive months.
As of the end of February, China's Gold reserves were 73.61 million ounces, an increase from 73.45 million ounces at the end of January, showing a growth of 0.22%. As of the end of February 2025, China's Forex reserves stood at $3227.2 billion, an increase of $18.2 billion from the end of January, representing a growth of 0.57%.
Don't just focus on the non-farm payrolls! Be cautious of how Powell's speech might cause Gold to "change dramatically." How should Trade gold prices on key days?
#Gold Technical Analysis# 24K99 News On Friday (March 7) in the Asian market's late session, spot gold remained basically stable, with the current gold price around $2913 per ounce; in the Asian market's early session, the gold price once dropped to $2896.40 per ounce.