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Will gold never sleep? Regardless of the script of the usa election, the price of gold is expected to continue to rise.
Ole Hansen, Head of Commodities Strategy at Saxo Bank, said that geopolitical risks, fiscal concerns, and potential changes in monetary policy, especially after the US presidential election, together constitute the bullish reasons for gold as a hard asset.
ING Group: Gold will reach a new high this month, aiming for 2700 next year!
ING predicts that the first rate cut by the Federal Reserve is enough to push the gold price to a new historical high, with an average spot gold price of $2580 in the fourth quarter.
Newmont Announces Agreement To Divest Telfer And Havieron For Up To $475M, Sale Is Part Of Newmont's $2B Non-Core Asset Divestiture Program, Expected To Close In Q4 2024; Says Fully On Track To Deliver 2024 Commitments
Biggest Stock Movers Today: ORCL, RBRK, and More.
Intel, Moderna And Dollar General Were Among Top 10 Large Cap Losers In August: Are The Others In Your Portfolio?
"The flagship of the commodities market" changes its tune, and Goldman Sachs only remains bullish on gold.
The "commodity 5D bull market" that was discussed at the end of May this year is no longer there, but Goldman Sachs still remains bullish on gold prices rising to $2700, while adopting a more cautious attitude towards commodities such as copper, aluminum, and oil.