Gold and Silver Are Trading Higher. Middle East Uncertainty May Be Lifting Sentiment for Safe-haven Assets Such as Precious Metals.
Morgan Stanley's outlook for the 2025 bulk market: gold is the preferred hedge aiming for 3000 dollars, demand supports a V-shaped rebound in industrial metals, and crude oil product continues to fall due to oversupply.
Morgan Stanley forecasts that gold prices will rise to 3,000 dollars per ounce next year, considering potential deficit expansion, silver and platinum may rise to 38 dollars per ounce and 1,200 dollars per ounce respectively. The crude oil market is expected to shift from this year's supply-demand balance to a surplus of 1.3 million barrels per day, with Brent and WTI crude oil prices expected to drop to 70 dollars and 64 dollars respectively by the end of next year.
Gold Rises on a Weaker Dollar and Higher Geopolitical Risk Following Collapse of Assad Regime in Syria
Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Monday Ahead of Crucial Inflation Data
Asia And Europe Markets Mixed; Crude Gains Amid China Policy Shift - Global Markets Today While US Slept
Commodity Roundup: China Resumes Gold Purchases; Markets Respond to Syria Developments
Gold technicals brewing for a major breakout! Bulls target these key resistances. FXStreet analyst gold price technical analysis
#Gold Technical Analysis# 24K99 News On Monday (December 9th), in the Asian session, spot gold maintained a strong upward trend, with the current price trading near $2643 per ounce, up more than $10 during the day.
Gold Prices Rebound, Bulls Retain Upper Hand
Gold prices soared to over $2,650! Bloomberg: The reason for the sudden surge in gold prices is here.
During the Asian trade session on Monday, spot gold rose significantly, with prices reaching a high of $2650.62 per ounce in the Asian market. Currently, gold is trading at $2643 per ounce, an increase of $10 for the day. Bloomberg pointed out that the central bank of china increased its gold reserves for the first time in seven months, and the rapid collapse of the Syrian government further destabilized the Middle East, both of which contributed to the rise in gold prices on Monday.
The performance of the golden industrial concept has been active, and the People's Bank of China has restarted gold purchases after a six-month interval; what does this signal?
Diversification of reserves.
Gold market surged! The price of gold plummeted by $20 from the daily high. Looking at the technical prospects of gold with two pictures. How can investors profit and settle?
On Monday morning in the Asian market, spot gold suddenly plummeted, dropping $20 from an earlier daily high, now around $2,628 per ounce. Analyst Nicholas Kitonyi from the renowned financial website FXDailyReport stated that from a technical perspective, according to the 60-minute chart, the price of gold is trading within a downward channel.
What does the central bank's purchase of gold again mean? How to carry out global asset allocation next year? Multiple public fund professionals share their views.
① The fund manager compares bitcoin to "fake gold," but it has no physical delivery and is highly volatile, making it unsuitable for allocation by households or institutions; ② U.S. stock valuations are high, but there are no obvious systemic risks, so continued allocation is advised; ③ It is expected that the A-share market will continue to exhibit volatility in the short term, and the semiconductor sector can be held for the long term with swing trading.
Gold Advances as China's Central Bank Resumes Buying After Pause
Breaking news! The central bank has increased its gold shareholding again.
On December 7, the latest data from China's central bank shows that as of the end of November 2024, China's gold reserves were 72.96 million ounces, compared to 72.8 million ounces at the end of October. This marks the first shareholding in gold by the central bank in six months.
After six consecutive months of inaction, the central bank of China once again increased its gold holdings in November, what impact will this have?
The latest data from the central bank of china shows that at the end of November, gold reserves reported at 72.96 million ounces. This figure has increased by 0.16 million ounces compared to the end of October (previous value was 70.8 million ounces). On December 5, the latest data from the World Gold Council shows that the net gold purchases by central banks in October were 60 tons, marking the peak for a single month in 2024.
Gold Should Rise but Upside Capped by Potential for Higher Inflation, Analyst Says
GLD ETF Closes Flat
SPDR Gold ETF Options Spot-On: On December 6th, 117.23K Contracts Were Traded, With 2.83 Million Open Interest
On December 6th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 117.23K options for the day, of which put options accounted for 50.95% of the total transactions,
Gold Price Analysis
Commodities Slip a Bit Into December, but Silver Outshines Gold