A sharp rise of 35% this year! Behind the crazy gold price: variables in the US and Japan elections, beware of black swans.
Is the price of gold aiming for $3,000 next year?
The gold price has just hit a new high, approaching the first call target! Breaking through this level may trigger a bigger uptrend. Well-known institutions analyze gold trading.
On Wednesday afternoon in the Asian market, spot gold maintained its rebound trend intraday, with the gold price currently near $2,784 per ounce, having set a new record high earlier. According to Economies.com, gold has reached a new record high, with the first call target now at $2,785.00 per ounce, breaking through this level will open up further room for gold to rise.
Gold buyers are ready to challenge 2800! Significant US data arrives, FXStreet's chief analyst provides technical analysis of gold prices.
During Wednesday's Asian market session, spot gold maintained its intraday uptrend, with the price of gold currently standing at $2780 per ounce. FXStreet's chief analyst Valeria Bednarik wrote that the reasons for a bullish outlook on gold remain solid, and buyers are now targeting a test of $2800 per ounce.
Israel just received a major news! The usa called it a "terrible incident" as gold just hit a new all-time high approaching $2780.
On Wednesday, in the early Asian market, spot gold continued its upward trend, with the price just touching $2,779.88 per ounce, hitting a historic high. The latest news from the Middle East reports that on Tuesday, Israel launched an attack on a residential building in the northern town of Beit Lahia, Gaza, resulting in at least 93 Palestinians dead or missing. The United States called this event "shocking".
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Gold price continues to break historical records! Employment data ignites enthusiasm, adding another fire to the Trump trade.
Caixin News October 30th (Editor Zhao Hao) On Tuesday (October 29th), in the morning trading of the New York market, the spot gold price rose significantly, once breaking through the $2770 level, reaching a high of $2771.81 per ounce, continuing to hit a new record high. As of the time of writing, the spot gold daily chart shows a slight pullback to $2766 per ounce, with an intraday increase of over $20 or 0.8%, poised to record the fourth straight daily increase. At the same time, the continuous price of gold futures also briefly refreshed to $2784, currently at $2778 per ounce. Analysts believe that investors are focusing on macroeconomic data in the usa.
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"Trump 2.0" approaches + bullish data, gold touches the 2770 mark!
According to a bold prediction by an investment bank, "The price of gold will definitely reach the target of $2800 this week."
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Decision Analysis: Don't take risks to chase highs! Technology giants are here, usa election deadlocked, gold approaching historical highs.
FX168 Financial News Agency (Asia Pacific) News On Tuesday (October 29), the stock markets in asia saw mixed ups and downs, with investors looking forward to the start of a three-day tech giant earnings week on Wall Street. Alphabet, Google's parent company, will unveil new developments later in the day.
Gold may be reaching a new high again?! Be cautious as the gold price surges after a significant breakthrough, analyzed by reputable institutions in the gold trade.
At the end of the Asian market on Tuesday, spot gold maintained an intraday rebound trend, with the current gold price near $2754 per ounce. According to Economies.com, if the gold price breaks through $2758.40 per ounce, the outlook for gold will turn bullish, with the target set at $2782.00 per ounce.
Not gold, the US dollar, or US Treasury bonds! It is the ultimate 'safe haven' for the US presidential election.
Although the Japanese yen has been weak so far this year, history indicates that for investors seeking refuge in the usa presidential election, the yen is still expected to become an unexpected safe haven. Data compiled by Bloomberg shows that in the run-up to past U.S. elections, the yen has already outperformed the dollar, Swiss franc, gold, U.S. treasuries, and euro, among the most popular safe assets.
Gold sees a sudden surge in the market! Short-term price spikes approach historical highs. FXStreet's chief analyst provides technical analysis of the gold price.
During Tuesday's Asian session, spot gold suddenly surged sharply, with the price just reaching $2757.74 per ounce, hitting a new daily high and also approaching the previous historical high. FXStreet's chief analyst Valeria Bednarik pointed out that the gold price is currently maintaining a bullish bias.
Iran tough talks! After a significant gap down opening, gold prices rebounded strongly above $2740. How to trade gold.
On Monday, spot gold opened significantly lower with a gap down, during the early Asian session, the price of gold once approached $2725 per ounce; however, gold regained most of the lost ground during the day, closing above $2740 per ounce. FXStreet analyst Christian Borjon Valencia stated that political and geopolitical tensions are still ongoing. This is limiting the decline in gold prices.