El-Erian: The rise of gold signifies the collapse of the US dollar system.
El-Erian believes that the surge in gold prices "seems to have deviated" from traditional historical influencing factors, with strong bid support from central banks being an important driver. This may be due to people's confidence in the US dollar system starting to erode, as the process of "de-dollarization" deepens, it may lead to a severe global system fragmentation, weakening the international influence of the dollar and the american financial system.
Citigroup raises gold target price: expected to rise to $3,000 within a year!
Citigroup expects that gold may rise to $2,800 within 3 months, and could rise to $3,000 in 6 to 12 months, while silver may even reach the $40 mark.
Gold soared in this round, is $3000 the true target?
How exaggerated is the bullish trend of gold this time? Even senior investors who have never been bullish on gold in the past 25 years are starting to join the bullish camp...
Gold prices soared to a historic high before plunging more than $26. The reason is here! How to trade gold?
During the New York trading session on Monday, due to the rise in US bond yields and the strengthening of the US dollar, which offset the uncertainty support brought by the US presidential election and the Middle East war, the spot gold sharply fell after hitting a historic high, and eventually closed down for the day.
Agnico Eagle Mines (AEM) Advances While Market Declines: Some Information for Investors
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