Shares of Gold Companies Are Trading Higher After the Price of the Commodity Reached All-time Highs Following Last Week's Fed Rate Cut.
All roads lead to gold, and the price of gold may exceed $3000!
Analysts said that the Federal Reserve will continue to cut interest rates, the US sovereign debt crisis will drive investors to buy gold, breaking through the 3000 mark is just a matter of time!
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Gold prices surged through $2640, hitting a new high! UBS Group predicts: reaching 2700 next year is not a dream.
ubs group analyst wrote in a report released on Monday, "Although record high stock price may deter some investors, we believe there are several reasons to prove that gold still has room to rise."
Gold's September Performance Has Been "Unseasonably Strong" - UBS
UBS Group: Gold is expected to rise to $2700! Silver may perform even better.
UBS Group expects that the situation in the past few months has once again proven this point, that gold will continue to be the preferred safe haven for geopolitical and interest rate risks.
"Gold will definitely break through $3000!" Investment manager: The Fed's strong signal needs urgent hedging of US sovereign debt.
Senior portfolio managers are optimistic that gold will definitely break through $3,000. He pointed out that the Federal Reserve's initiation of a new round of easing cycle sends a strong signal, and the market urgently needs to hedge against US sovereign debt.
Gold surges again! The price of gold has just broken through $2638, hitting a new all-time high. Well-known institutions analyze gold trading.
In the Asian market on Tuesday, spot gold continued to rise in the short term, with the price just reaching $2638.08 per ounce, hitting a new all-time high. According to Economies.com, if the gold price breaks through the resistance level of $2644.65 per ounce, this will open up further room for gold price to rise.
The price of gold is approaching historical highs! What might be the next move? FXStreet analyst's technical analysis of gold prices.
On Tuesday in the Asian market, spot gold continued its rebound trend, with the current price near $2,633 per ounce, close to the historical high touched on the previous trading day. FXStreet analyst Haresh Menghani pointed out that on the daily chart, with a slight overbought situation, after gold hit a new historical high yesterday, the bulls turned cautious.
The entry of the largest catalyst into the battle! The gold bid keeps coming, and silver is also eager to move.
The surge in bids has just begun, and the rising trend of gold seems unstoppable, with a retest of historical highs likely to be seen frequently.
Is the gold price too high? Funds are still rushing into the market.
After the Fed's rate cut, the international gold price continued to break through historical highs. On the 23rd, the main New York comex gold contract once surged above $2,656 per ounce, reaching another historical high, but then suddenly fell sharply, causing market concerns. Is the gold price too high to sustain? In reality, it is more about the difficulty of changing bullish beliefs, as funds continue to enter the market and increase positions in gold-related products.
Nearly 500 people have died in the large-scale Israeli attack! The gold price has hit a new all-time high. How to trade gold next?
#Middle East Situation##Gold Technical Analysis#24K99 News On Monday (September 23), spot gold continued to rise, once approaching $2635 per ounce, hitting a record high.
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Is the threshold for the Federal Reserve to further cut interest rates significantly low? Morgan Stanley: Cut another 50 basis points in November!
Citigroup analyst pointed out that, given the Federal Reserve's description of a 50 basis point rate cut as a "commitment" to prevent falling behind the curve, we believe the threshold for further substantial rate cuts is very low.
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After reaching a new high and then falling, how much longer can this round of the gold bull market last?
Analysts pointed out that there are signs of weakness in the bulls, and there is a risk of a pullback in gold in the short term. However, it is expected that factors such as the Fed's rate cut and geopolitical conflicts will continue to support the price of gold.