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The drop in gold prices offers an excellent buying opportunity! Goldman Sachs maintains its year-end target price expectation of $3,300.
① The global market sharply declined on Monday due to tariff risks, and gold prices also fell below $3,000, down 4.9% from this year's historical highs; ② Analysts at Goldman Sachs believe that the drop in gold prices presents a buying opportunity and maintain their forecast for gold prices to surpass $3,300 per ounce by the end of the year; ③ Goldman Sachs points out that macroeconomic risks, low investor Hold Positions, government reciprocal tariffs, demand from Emerging Markets central banks, and inflows into Gold ETFs will support gold prices.
Gold Rises as Market Turmoil Sends Investors to the Precious Metal's Safe Haven
Caledonia Mining Expects to Harvest Cash as Gold Prices Stay High - ICYMI | AIM:CMCL, NYSE-A:CMCL
Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."
In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."
Tariff implementation continues to cause market turmoil! Gold rises and then falls, with the dollar, Silver, and Crude Oil Product plummeting.
Trump's tariff policy exceeded expectations, traders bet on rising expectations of a USA economic recession, and the probability of the Federal Reserve cutting interest rates this year declined, leading to a collapse in Global financial Assets.
With the implementation of Trump's tariffs, gold prices have reached a new high! Nearly 20 billion dollars of smart money has already flowed into this Gold ETF.
The statement released by the White House after the policy announcement shows that imports of Steel, Aluminum, Gold, and Copper will not be subject to reciprocal tariffs. Following the announcement, safe-haven sentiment drove Gold prices up 1.1%, reaching a record high.
