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.
What's going on? Gold prices have skyrocketed by $47, hitting a new all-time high. How can I trade gold?
Spot gold surged nearly 2%, hitting a historical high. Analysts pointed out that the euro/dollar strengthened after the European Central Bank's decision, causing the US dollar index to weaken. In addition, US data shows economic slowdown, strengthening market expectations of a rate cut by the Federal Reserve next week, thus driving up the price of gold.
The price of gold soared to a new high! Gold stocks exploded collectively, surging by more than 19%. What happened overnight?
Gold and silver prices soared, spurred by the ECB's announcement of interest rate cuts and expectations that the Federal Reserve would cut interest rates. On Thursday evening, spot gold rose more than 2,560 US dollars/ounce during the intraday period, reaching a record high. Affected by this, US gold stocks strengthened across the board. Coldron Mining soared by more than 19%, and Hecla Mining surged nearly 9%.
Three bullish factors hit, gold hits another historical high!
Gold is booming, where is the next challenge?
Gold Futures End Lower
The CPI is showing conflicting signals, how will it affect the future market?
The Consumer Price Index (CPI) in the USA is showing conflicting signals, which has intensified the discussion about the extent of the interest rate cut by the Federal Reserve.