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The US dollar and US Treasury bonds are being "abandoned"? Wall Street exclaims: Gold has become the only safe haven!
Gold has quietly risen to become the market's "preferred" safe-haven asset! All of this is closely related to Trump.
Behind the significant drop in gold yesterday: the scale of Gold ETF sales in the USA set a record, with total holdings below 2020 levels.
Yesterday, gold plummeted, with the USA Gold ETF (such as GLD) experiencing its largest single-day outflow since 2011, approximately 1.3 billion USD flowing out. The total holdings of USA Gold ETF remain below the levels of 2020. Despite the severe short-term fluctuations, strong physical demand from China provided important support.
The true culprit behind Gold's "peak explosion": ETF mass liquidation, but it's just a temporary storm.
The Gold ETF's crash sets a record, causing a significant drop in gold prices over two days, but this is just a short-lived storm...
How to understand the adjustment of Gold in this round?
Deutsche Bank stated that the recent decline in Gold is mainly due to the rebound of the dollar and the market's overinterpretation of tariff news. The tariff issues in the USA have not yet been resolved, and there remains significant uncertainty about the outlook, therefore the extent of the Gold pullback is limited.
Gold suddenly "changes its face"! The price of gold surged by over 40 dollars. What exactly is going on?
On Thursday during the Asian market, spot Gold suddenly surged after a sharp drop in the previous Trade day, with prices currently around $3,330 per ounce, rising over $40 during the day. According to Reuters in the United Kingdom, Gold prices rose over 1% on Thursday driven by buying at low prices.
Gold is on a terrifying roller coaster ride; is the bull market still around?
Is the hype of "speculation" fading? The parabolic rise of Gold has come to an abrupt halt, but the real trouble lies in...