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The "breaking the ice" in China-U.S. trade ignites a celebration in Asia, and the Gold bears have locked in on the "key numbers."
China and the United States signal "substantial progress," the safe-haven allure of Gold instantly dulls, Analysts warn that gold prices might fall below the first target of the bears...
Gold prices faced a "weekend storm" -- substantial progress in Sino-U.S. negotiations, ceasefire between India and Pakistan, negotiations between Russia and Ukraine, and talks between the U.S. and Iran.
Global risk aversion has receded, and Gold has plummeted. High-level economic and trade talks between China and the United States have reached important consensus and made substantial progress. The ceasefire agreement between India and Pakistan has been maintained on Sunday. Putin proposed to resume direct negotiations between Russia and Ukraine in Turkey on the 15th. The previously postponed fourth round of talks between the US and Iran has also begun.
Tariff threats have triggered drastic changes in the flow of Copper: the USA "absorbs Copper" while Europe "lacks Copper".
In some areas of the European continent, spot Copper premiums have risen to a historic high. The Global Copper market is active in arbitrage trading, and the substitution of scrap Copper is heating up.
Bond King Gundlach strongly supports Gold: tariffs fundamentally changed the market, and Gold prices are expected to rise another 20%!
① "Bond King" Gundlach predicts that Gold prices could rise to $4,000 per ounce, a 20% increase from current prices; ② He emphasizes that tariffs have fundamentally changed traders' perceptions of Precious Metals, and Gold is now seen as a monetary Asset; ③ Analysts believe that a healthy consolidation of Gold prices may still continue in the short to medium term, but the structural factors supporting Gold's strength remain solid.
The "New Debt King" Gundlach is bullish on Gold: the upward trend is far from over, and it is expected to reach 4,000 dollars.
Jeffrey Gundlach, the "new bond king" and founder of DoubleLine Capital, stated that the record rise in gold prices is far from over.
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