Bitcoin hits a new high, racing toward 0.1 million dollars! The asset management scale of bitcoin etf is expected to surpass that of gold etf.
① As bitcoin continues to reach new highs and approaches the $0.1 million mark, the asset management scale (AUM) of us etfs directly investing in bitcoin surpassed $100 billion for the first time this Thursday; ② This also brings us cryptocurrency investors closer to achieving a long-awaited goal: for the asset management scale of bitcoin etfs in the usa to exceed that of gold etfs.
A sudden major event in gold! Gold prices surge past $2685 as North Korea's leader issues a shocking warning. FXStreet senior analyst analyzes the technical outlook for gold prices.
On Friday during the Asian market, spot gold suddenly surged sharply, with gold prices just breaking through 2,685 dollars per ounce, a daily increase of nearly 17 dollars. FXStreet senior analyst Pablo Piovano wrote that under the support of geopolitical tensions, gold prices continue to rise. Currently, the short-term upward resistance for gold prices is at 2,700 dollars per ounce.
Breaking news from the Russia-Ukraine battlefield! Putin suddenly makes an important announcement. Gold price soared nearly $20. How to trade gold?
On Thursday, due to escalating tensions between Russia and Ukraine, safe-haven demand soared, with the spot gold price rising for the fourth consecutive trading day and hitting a high point of over a week. David Meger, Managing Director of Metal Trading at High Ridge Futures, said, "In the past few days, this has indeed been the major geopolitical factor affecting the gold market, with the escalating tensions between Russia and Ukraine being the most noteworthy market driver."
Industry experts: Gold pullback may provide a good buying opportunity.
On November 22, according to China Securities Journal, the international gold price has once again surged after a correction. Many domestic and foreign institutions expressed a bullish outlook on the medium to long-term investment potential of gold, and the recent pullback provides a good opportunity to buy; gold remains an effective symbol for diversifying portfolio risks.
Zheshang: Why can gold still be bought?
The prospects of "expansive fiscal policy + re-inflation" are becoming clearer, the trend of deteriorating dollar credit is difficult to reverse, and central bank demand for gold is expected to continue to strengthen, thus driving a long-term bull market for gold. In the future, we may see a long-term decoupling of real interest rates, the usd, and gold.
Commodity Roundup: Natural Gas Turns Out to Be More Sensitive to Geopolitical Risks, ING Says