Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Amid Macro Uncertainty, Which Has Been Attributed to Middle East Conflict and the Upcoming US Presidential Election.
US Stock Market Outlook | Intense US election! Wall Street fully bets on the 'Trump trade'; Is the sky the limit? Bank of America raises nvidia's target stock price: can it rise another 38%
International gold price breaks through $2,700! Golden industrial concept strengthens before the market opens; Apple's demand in China is picking up? Sales of iPhone 16 in the first three weeks before launch increased by 20% year-on-year; Cryptocurrency market sentiment is rapidly heating up! Bitcoin once approached $70,000.
BofA Securities Initiates Harmony Gold Mining(HMY.US) With Hold Rating, Announces Target Price $12.06
U.S. Stock Market Update | Golden industrial concept strengthens before the market, international gold price continues to hit new highs, breaking $2730.
On October 21, Coeur Mining rose by 3.5%, while New Gold and Fortuna Silver Mines both rose by nearly 3%. DRDGOLD, Sandstorm Gold, and Harmony Gold Mining all saw increases. In terms of news, there is no sign of the gold rally slowing down, as spot gold in London reached a new historical high of $2,733.5 per ounce today. Analysts generally believe that the continuous surge in gold prices is mainly driven by the monetary nature and safe-haven properties. On one hand, with global central banks lowering interest rates one after another, the expansion of balance sheets is expected to strengthen the precious metals market.
Top economists: The West should pay more attention to the rise in gold prices.
Adrian, President of Queens' College, University of Cambridge, believes that gold reflects a growing interest in alternatives to the US dollar-based financial system.
Gold hit another all-time high on Monday! Is it not too late to enter now?
Some analysts point out that it is not too late to buy gold now, because the two main drivers pushing the gold price higher have not yet 'cooled down'...
Gold Climbs to Record as Mideast, US Election Drive Haven Demand
Gold prices surged $66 in a single week to hit a historical high! Analysts: Gold is expected to test the key resistance level of 2750 next week.
Geopolitical risks and speculation on Fed rate cuts are driving safe-haven demand, pushing gold prices to a historical new high of $2720. The intensifying Middle East conflict has led investors to seek safe-haven assets, resulting in a significant increase in gold prices.
International gold price broke through $2700 per ounce for the first time, driven by who for the "historic" surge?
Since the beginning of this year, "gold hits new highs" has become a common phrase. Analysts generally believe that the continuous impact on the historical new highs of gold prices is mainly driven by the monetary nature and safe-haven nature.
Silver, skyrocketing! New York silver soared by 6.5%!
"Trump Trade" restarts. The comex silver futures intraday increase reached 6.5%, hitting $33.85 per ounce. Spot silver broke through the $33 mark for the first time since December 2012, surpassing a significant resistance level. This week, London spot gold broke through the $2700 per ounce mark, continuing to hit a historical high.
Spot Gold Tops $2,700 as Metal Extends Its Record-Breaking Run
Gold Hits Record High as Interest Rates Fall
US stock market outlook: Retail sales in September exceeded expectations, with the three major futures indices edging up slightly; strong performance! taiwan semiconductor surged more than 9% in pre-market trading, expected to open above $200 to achieve a
Jerome Powell questioned: Overemphasizing 'data dependency' will trigger market volatility; Legendary investor Drew Miller: Banks and cryptos rise together, market 'very confident' Trump will win; IEA, EIA, OPEC are all telling you one thing: next year's oil market outlook is quite bleak.
Spot gold hits another all-time high, with the 'Trump trade' joining the ranks of price drivers.
①Spot gold has strengthened, hitting a high of $2688.82 per ounce, surpassing the previous record set on September 26th; ②Analysts believe that in addition to geopolitical tensions, the gold price is also influenced by the "Trump trade".
Israeli forces open fire on UN forces! FXStreet Chief Analyst: Gold prices expected to rise by about $25 again.
On Thursday in the Asian market, spot gold maintained a strong trend after a big rise yesterday, with the price currently near $2675 per ounce. Chief analyst Valeria Bednarik from FXStreet pointed out that the target for gold is to reach a new all-time high, challenging the $2700 per ounce level.
Express News | Spot gold approaching historical highs, golden industrial concept generally rising, gold fields, harmony gold mining up more than 5%, coeur mining, hecla mining up about 4%.
U.S. Stock Market Outlook: Bullish sentiment soars! Goldman Sachs sets S&P 6100 as target; Heavyweight real estate conference to be held tomorrow, fangdd network surges more than 30% pre-market, ke holdings rises over 3%.
Tesla's Robotaxi vision has been hindered by US laws! Cybercab may become a niche product; what does this signal? New York Fed: Consumers are expected to have the highest probability of defaulting on debt in four years; Invest in China rather than India! Latest survey by Bank of America: Global fund managers are actively entering the Chinese stock market.
Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at certain times this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for loosening, which further strengthens the upward trend of gold. The price of gold is expected to continue to outperform financial fair value at the end of this year, with the largest magnitude since 1998.
Pointing to $2700? Gold approaches historical highs again as investors weigh the outcome of the USA election and the direction of USA Federal Reserve interest rates.
As investors shift their focus to the upcoming USA election, the price of gold is approaching a historical high. Polls predict that the competition in the USA election will be very intense in less than three weeks.
U.S. stock market anomalies | Golden industrial concept generally rises before the market opens, gold fields rise more than 5%, industry associations predict that the gold price will increase by 10% within a year.
October 16th, GeLongHui: Gold fields rose by over 5%, Harmony Gold Mining rose by over 4%, AngloGold rose by 2.54%, Coeur Mining rose by 2%. In terms of news, the international gold price continues to rise, with London gold currently up 0.9% approaching historical highs. According to a survey conducted at an annual event in the precious metals industry, gold is expected to rise by 10% within a year, continuing to set new historical highs, but it will not break through the $3000 mark. (GeLongHui)