Silver Price Analysis: Silver Probably Rising in C Leg of Measured Move
Silver (XAG/USD) has decisively broken out of the descending channel it was in during the second half of May and June.
Express News | Barrick Gold Corp : Bernstein Cuts Target Price to $23.5 From $24
The People's Bank of China has suspended gold purchases for two consecutive months, and the spot gold price still reached a high of $2390 per ounce. With the failure of the "barometer", how will the gold price go?
On July 7th, the updated official reserve assets by the State Administration of Foreign Exchange showed that China's official gold reserves in June 2024 remained unchanged at 72.8 million ounces, indicating that the People's Bank of China had paused gold purchases for two consecutive months. Overall, there has not been a significant decline in the investment force in the gold market recently. There are two main risks for gold: one is the Federal Reserve policy risk and the other is the failure of central bank gold purchases to meet expectations.
Express News | China Securities Co., Ltd.: The expected number of interest rate cuts in the United States within the year has been revised to 2 times, which is conducive to pushing up the prices of metals.
Huaxi Securities: Gold is currently in a long upward cycle and if the price falls in the future, it is expected to drive central banks around the world to purchase gold again.
According to a strategy research report from Huaxi Securities, in the long term, gold is in a large upward cycle. Firstly, in recent years, the scale of US debt has been expanding at an accelerated pace, and the pressure of interest payment continues to rise. After the conflict between Russia and Ukraine, the United States imposed financial sanctions on Russia, which has impacted the credibility of the US dollar. Due to concerns about the risk of US dollar credit and US dollar assets, central banks worldwide continue to increase their gold reserves.
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.
Weekly Outlook: Powell is about to brave Capitol Hill! Will gold hit new highs and be unstoppable?
Powell is expected to "release doves" this week! Will CPI data bring good news to the market? Gold is expected to hit a new historical high again, and the US dollar may face a major risk...
Weekly Review: European stock market fluctuated during the 'Election Week', while Wall Street ignored the election and hit record highs. Cryptos plummeted, but gold benefited greatly.
In a week of sustained market volatility globally, Wall Street has ignored the uncertainty brought by political elections and has been the sole performer in the stock market, continuously setting historical new highs. Economic data, instead of meeting expectations, has strengthened investors' optimistic expectations for a rate cut by the Federal Reserve, which has fueled the rise of the stock market.
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 | Newmont Corp up 2.2%, Barrick Gold up 1.7%, Anglogold Ashanti up 9.7%
Express News | Shares of Gold Miners Rise as Bullion Rises to One-Month High
Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Following US Jobs Data.
Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Following US Jobs Data.
Unexpected June non-farm data in USA! The gold market is undergoing a "heaven-and-earth needle" phenomenon.
Did the unexpected increase in the unemployment rate in the United States in June stabilize the Fed's interest rate cut in September?
The Federal Reserve's dovish tone is rising! During the interest rate cut cycle, which assets are worth paying attention to?
Based on the June dot plot, the Federal Reserve is expected to cut interest rates only once. Nevertheless, 7 Wall Street banks expect the Fed to cut interest rates twice this year, a total of 50bps. Looking at the time of the first rate cut, more than half of institutions anticipate it will happen in September.
Express News | Analyst: Non-farm data below expectations could push gold price to break through the 2400 level.
Will Non-farm Payrolls Become the Judge of Life and Death? The Gold and Silver Trends Have Reached a Critical Juncture!
Analysts expect that the upward trend is more likely for gold and silver, but they would prefer to see a significant pullback after the non-farm payroll report. Why?
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.
National Bank On Reports Suggesting Possible CEO Departure at Triple Flag Precious Metals Corp
Triple Flag Precious Metals (TFPM.TO) keeps its Outperform rating and $26 price target amid reports about the potential departure of its CEO, National Bank of Canada said in a Wednesday note. Accordin
Barrick Gold Corporation's (TSE:ABX) Institutional Shareholders Had a Great Week as One-year Returns Increased After a 3.0% Gain Last Week