Is the pullback or the right time to jump in? Gold prices have soared this year! Major banks predict it will hit the 3,000-dollar mark next year.
In the past two years, going long on Gold can be said to be one of the hottest Trade varieties in the market, with a cumulative increase of nearly 50% in spot Gold prices. This year, under the catalysis of a series of events, the spot Gold price even reached a historically high price of $2788.5 per ounce on October 30.
GLD ETF Gains 1.3%
SPDR Gold ETF Options Spot-On: On December 10th, 127.23K Contracts Were Traded, With 2.8 Million Open Interest
On December 10th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 127.23K options for the day, of which put options accounted for 40.1% of the total transactions,
Ray Dalio, founder of Bridgewater Fund: Invest in Gold and Bitcoin, and stay away from debt-related Assets.
On Tuesday, Ray Dalio, co-founder of Bridgewater Associates, one of the largest hedge funds in the world, stated at a financial conference in Abu Dhabi that in the context of worsening debt issues facing most major economies, he prefers to invest in "hard currencies" such as Gold and Bitcoin, while avoiding debt-related Assets: I believe there may be issues with debt currencies. I want to avoid debt-related Assets, such as Bonds and Other forms of debt, and Hold some hard currencies, such as Gold and Bitcoin. Hard currencies typically refer to currencies backed by physical Commodities like Gold and Silver, and Bitcoin is also classified as a hard currency due to its stability and controllable supply.
S&P 500 Sector Weekly ETF Flows: Inflow Resumes, Bitcoin Gains on Higher Inflows
Gold Rises to Three-Week High on Safe-Haven Buying and Falling Interest Rates
New information just arrived regarding the ceasefire in the Middle East! Gold prices have fallen by more than 12 dollars from today's high. How to trade Gold?
On Tuesday morning in the European market, spot Gold is trading around 2661 USD per ounce, having retreated more than 12 USD from the intraday high of 2674 USD per ounce. The USD has started to rebound, currently located around 106.35. The strength of the USD has led Gold prices to give back most of today's gains.
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.
Gold Holds Advance Before US Data That May Shape Fed Rate Move
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