The gold price has once again broken through 2700 dollars during the session! Wall Street is bullish, and will the Gold ETF likely take off accordingly?

Recently, Morgan Stanley released the 2025 Commodity Outlook report, stating that Gold remains the "best choice" for hedging uncertainties, expecting the price to rise to $3000 per ounce next year, with an average of $2950 per ounce by the fourth quarter.

Futu News17:01

Gold Moves Higher as U.S. Inflation Report Matches Expectations

MT Newswires13minutes ago

Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Wednesday as Investors Anticipate Latest Inflation Data

MT Newswires21:24

Goldman Sachs raises a Call for Gold, but warns of this major downside risk.

Goldman Sachs believes that the correction of Gold after the election is only temporary. In their opinion, the strengthening of the US dollar does not pose a threat to the rise of Gold, the real risk lies in......

Golden10 Data19:31

Gold Takes a Breather at $2,700 With All Eyes on US Inflation

FXStreet18:14

A major Gold market trend is about to break out! The USA CPI is coming, and FXStreet Analyst provides the latest trading analysis on Gold prices.

On Wednesday morning in the European market, spot Gold traded around $2,693 per ounce; during the Asian session, the gold price briefly broke through the $2,700 per ounce level. FXStreet Senior Analyst Dhwani Mehta pointed out that from a technical perspective, gold prices have broken through the moving average, and the Relative Strength Index (RSI) indicates a Call.

FX16816:24