ADP data exceeds expectations, will Friday's non-farm payrolls add fuel to the fire again?
"Non-farm payrolls" rebounded more than expected, with gold prices rising nearly $10 in the short term, as traders reduced bets on the Fed rate cut...
Futu Morning Post | The situation in the Middle East has escalated! US oil and gas stocks rose; BlackRock raised Chinese stock ratings, Chinese assets fervent
China increases subsidies for electric vehicles, tesla is expected to achieve its first quarter sales growth this year; New carmaking forces show strong potential: Li Auto sets a new delivery record with 'Zhiling Xia', nio has delivered over 20,000 vehicles for 5 consecutive months.
Shares of Gold Companies Are Trading Higher Following a Spike in the Price of the Safe Haven Asset After Iran Launched a Missile Attack on Israel.
Outperforming gold! Is silver the biggest winner among csi commodity equity index at the end of September?
In September, silver has accumulated nearly a 10% increase, outperforming gold, and the price has climbed to a near twelve-year high. Analysis points out that due to supply shortages and the rebound in industrial demand, silver is expected to usher in a second wave of upward momentum. Recently, silver funds have seen a surge in long positions, and Goldman Sachs predicts that silver will start a "chasing trade".
Is it a "soft landing" or a "decline"? The Federal Reserve arrives at a three-way crossroads.
On September 19th, the Federal Reserve cut interest rates as scheduled, ending the tightening cycle since March 2022. However, the market performance that day was quite mixed, with various assets experiencing significant volatility. Although the Fed had long signaled the start of rate cuts before this interest rate meeting, the direct cut of 50 basis points far exceeded market expectations. Since the 1990s, such a significant initial decrease has only occurred 3 times, each time in a critical moment - the bursting of the internet bubble in 2001, the subprime crisis in 2007, and the COVID-19 pandemic in 2020. Therefore, the unexpectedly large rate cut has raised concerns in the market about whether the Fed sees something different.
The most shining moment in 12 years! Is the 'golden age' of silver about to begin?
① With the spot silver price hitting the highest level in nearly 12 years this week, the cumulative increase in the price of this precious metal this year has reached about 34%, even overshadowing gold, which has repeatedly set new historical highs; ② Multiple signs indicate that whether as a store of value or an industrial commodity, the demand for silver has been strong recently.
Shares of Precious Metals Companies Are Trading Lower Amid a Pullback in Gold and Silver.
"Black Swan" fund founder issues another warning: Beware of gold and US stocks crashing together!
Spiessnagel expects the global market to experience a "collapse" by the end of this year.
China stimulates the global csi commodity equity index: London copper 'breaks ten thousand', iron ore 'breaks one hundred'!
In recent trading days, with the multiple measures of China's monetary and fiscal stimulus policies, not only has it driven the A-share market to soar, but it has also helped some global csi commodity equity index, showing a rebound similar to a "dragon wagging its tail"... On Thursday, London copper steadily rose above the $10,000 integer mark, Singapore iron ore futures reclaimed the 100 mark, and spot silver prices reached a 12-year high!
The position of gold is increasingly rising! Is the dollar in "danger"?
According to bank of america, gold has surpassed the euro to become the second largest reserve asset after the dollar.
India's gold demand is expected to remain strong in the coming months as tariffs are lowered during the gold buying season.
①India, the world's second largest consumer of gold, recently reduced gold import duties, and with traditional festivals and wedding seasons approaching in India; ②This will drive continuous strong gold purchases in India, and global gold demand is expected to remain robust in the coming months.
"Is the opportunity to "get on the bus" here? Gold and silver may pull back in the coming weeks.
The technical analyst mentions that there are signs of exhaustion in the upward trend of gold and silver, but the pullback is an opportunity to buy on dips.
Under Powell's leadership, the Fed became even stronger after a sharp interest rate cut, and it is not difficult to cut another 50 basis points.
Powell is now a more powerful chairman, and if the labor data disappoints again, he may have another opportunity to persuade colleagues to support a 50 basis point rate cut.
How much is the gold worth worldwide? New record: $20 trillion!
With the international gold price continuously hitting new highs, approaching $2700, the precious metals market has also achieved a new "milestone": the total value of global physical gold has exceeded the $20 trillion mark for the first time! If we compare it to the stock market, all the gold in the world can almost buy the top ten largest listed companies globally.
Shares of Gold Companies Are Trading Higher After the Price of the Commodity Reached All-time Highs Following Last Week's Fed Rate Cut.
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."
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.
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.
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.
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.