GLL240719P25000
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ProShares UltraShort Gold Newsroom
The central bank continues to suspend shareholding of gold!
On July 7th, the official reserve assets updated by the State Administration of Foreign Exchange showed that in June 2024, China's official gold reserve was 72.8 million ounces, unchanged from the previous month, and has suspended the shareholding of gold reserves for two consecutive months.
U.S. stocks closed with the expectation of interest rate cuts boosted by non-farm payrolls, with the S&P and Nasdaq hitting new highs! Tesla rose nearly 38% in eight days, while Nvidia cooled off.
In June, non-farm payroll employment in the USA fell sharply, with significant downward revisions to previous data, and the unexpected rise in unemployment rate highlighted a cooling labor market, leading the market to bet over 70% on rate cuts in September and December.
Express News | Analyst: Non-farm data below expectations could push gold price to break through the 2400 level.
Facing Non-Farm Payrolls: the first heavy data of trade in the second half of the year!
Why does the Non-Farm Payroll data tonight once again affect the nerves of global financial markets and traders?
Gold Pushes Higher as Investors Expect Fed Will Start to Ease
Gold headed for a back-to-back weekly gain on expectations that the Federal Reserve will trim interest rates before year-end, with traders looking ahead to US payrolls data for the next batch of clues on the outlook.
Bullish market consensus! Could non-farm night gold price break $2400?
If inflation and employment data both soften, it will trigger a bigger debate about whether the data is rebalancing or beginning to deteriorate.
Continued expectations for interest rate cuts are fueling multiple bullish factors for gold prices! How to earn "steady happiness" through etf?
Under the dovish remarks of Fed Chairman Powell and a series of bullish economic data, yesterday's gold futures price rose back to $2360, while analysts pointed out that the 'Trump trade' would drive global investors to turn to gold. And in Citigroup's view, next year's gold price is expected to break through the $3000 mark.
Express News | Economists predict that the price of gold will break through the $2400 mark in the near future.
Express News | Labor market cools down, and it's a critical moment for gold traders.
"Trump 2.0" fears are approaching! Will gold be a direct beneficiary?
Historical data has shown that if Trump returns to the White House, global investors may turn to gold...
Powell's stance is dovish: Inflation has made significant progress and may return to 2% by the end of next year or the year after.
Powell said that inflation has made "significant progress", but he remains cautious about the timing of the first rate cut...
Before the storm, there is calm. Gold will usher in new power technology in the second half of the year!
Analysts predict that the global industrial cycle will deteriorate by the end of 2024 or the beginning of 2025, which will support long-term rise in gold prices.
Gold plunged sharply in the short term and fell below $2325! Be careful of Powell's hawkishness triggering further selling. Analysis of gold trading from well-known institutions.
#Gold Technical Analysis# 24K99 News - In early European trading on Tuesday, spot gold suddenly and rapidly fell, with the price just falling below $2,325 per ounce, a drop of $8 within the day.
What happened? Everyone is rushing to withdraw gold reserves from the USA.
Even African countries no longer dare to store their gold in the USA, highlighting the importance of holding physical gold due to the trend of gold repatriation.
Gold latest trade reminder: USA heavyweight data is expected to ignite the market! How will gold prices move before Powell's speech?
In early European trading on Monday, spot gold remained stable, with the current price around 2326 US dollars/ounce. On this trading day, gold traders will focus on the US ISM Manufacturing PMI data, which is expected to cause fluctuations in the gold market.
Gold Prices Soften, See Little Relief From Increased Rate Cut Bets
Gold Weekly Review: Interest rate cut prospects are clearer, but the market remains cautious. Independence Day partnering with non-agricultural data could disrupt investment layout.
Spot gold maintained a volatile consolidation this week, opened at $2321.88/ounce, peaked at $2339.79/ounce, bottomed out at $2293.69/ounce, and finally closed at $2326.72/ounce. The trend of the US dollar continues to dominate the recent gold trend. And the Fourth of July in the United States will make next week's economic data unusual, and important releases will be compressed on both sides of the holiday.
[Kitco Gold Survey] Wall Street will remain on the sidelines next week, while retail investors have mixed views on the outlook for gold prices.
The gold market continues to be dominated by slow stability, and the price of gold is trading within a narrow range between $2300/ounce and $2340/ounce. The latest Kitco News gold weekly survey shows that most industry experts plan to observe next week, while individual investors have differing opinions on the short-term outlook for gold.
Gold prices slightly fell with a cumulative increase of over 12% in the past six months, as inflation data helped to boost hopes of interest rate cuts for the rest of the year.
On Friday, June 28th, spot gold fell by 0.05%, closing at $2326.31 per ounce. After the US PCE inflation data release, it reached a daily high of $2339.76 per ounce at 21:09 Beijing time. It fell by about 0.10% in June and rose by over 12.78% in the first half of 2024.
The moment that will determine the fate of gold price has come! The US PCE data may trigger violent fluctuations. How to trade gold price?
#Gold Technical Analysis# 24K99 News, during early European trading on Friday (June 28th), spot gold was trading near $2325 per ounce.