Gold will continue to shine! Goldman Sachs predicts that it will touch $2700 in early next year, based on three major reasons.
Goldman Sachs predicts that by early 2025, the price of gold will reach $2,700 per ounce, an increase of about 8%; ② Since the beginning of this year, the price of gold has risen by 21%, outperforming the S&P 500 index.
"September curse": The US stock market felt it on the first day!
Looking back at the market of the past few decades, September is not only a bad month for US stocks, but also for assets such as gold and bitcoin. This opening cold water in September is clearly causing various cross-asset traders to feel a touch of the "September curse" chilling atmosphere...
Black September begins! Gold price drops more than $30 from the daily high, falling below 2480 US dollars. US stocks plummet as manufacturing PMI data weakens, non-farm payrolls matter the most.
US manufacturing indicators rebounded in August from the eight-month low set in July, due to improved employment conditions, but the overall trend still indicates sluggish manufacturing activity.
Gold: Nearly Half of Trend Followers Positions to Be Liquidated – TDS
Gold Is Waiting for the US Jobs Report – Commerzbank
Gold Futures End Higher On Renewed Buying Interest