Bank of America: In the second half of next year, gold will reach 3000 dollars!
The analyst at Bank of America stated that the growing usa deficit poses a significant risk to the trend of de-dollarization, with market expectations that central banks around the world will continue to buy gold and support its price.
Gold Prices Rise as Geopolitics, Wall St Losses Fuel Haven Demand
Gold prices have surged sharply in the short term! The price of gold has just broken through 2,670 dollars. FXStreet's chief analyst analyzes the technical outlook for gold.
On Tuesday during the Asian market, spot gold suddenly surged rapidly, with the gold price just breaking through the 2670 USD/ounce mark, rising over 10 USD within the day. FXStreet's chief analyst Valeria Bednarik stated that gold prices are regaining a call trend and are expected to continue rising in the short term.
The outlook for interest rate cuts by the Federal Reserve has suddenly changed! Gold prices soared by 27 dollars. How to trade gold in response to this "major event"?
The main driving force was the China central bank's resumption of gold purchases after a six-month hiatus, combined with significantly enhanced market expectations for a Federal Reserve interest rate cut next week, further boosting bullish sentiment. On Monday, gold prices hit a two-week high. The market anticipates an 87% likelihood of a 25 basis point rate cut by the Federal Reserve next week, up from less than 70% last week.
Express News | The world's largest gold etf--SPDR Gold Trust has reduced its hold positions by 1.15 tons compared to the previous trading day, with the current position amounting to 870.79 tons.
Gold Futures Jump on China Central Bank Buying, More Middle East Instability
GLD ETF Rises 1.0%
SPDR Gold ETF Options Spot-On: On December 9th, 134.52K Contracts Were Traded, With 2.84 Million Open Interest
On December 9th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 134.52K options for the day, of which put options accounted for 33.14% of the total transactions,
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 has surged explosively, and silver has quickly followed suit! What is going on?
China's central bank resumes gold purchases, expectations for the Federal Reserve to lower interest rates in December have risen, and the situation in Syria has sparked demand for safe-haven assets, indicating that the fundamentals for gold are in a favorable environment...
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.