Gold Is Giving You a Once-in-a-generation Buying Opportunity on Its Way to 4,400
Commodity Roundup: As Rate Cut Hopes Steer Gold to Record Highs, Silver Shows Potential
The opportunity to reach a new historical high in the price of gold has arrived! How to trade gold on key days when "terrifying data" strikes?
#Gold Technical Analysis# 24K99 News On Monday (September 16th), spot gold continued its upward trend and reached a new all-time high during the session.
Commodity Roundup: China's Oil Demand Falls, Gold Hits Another Record High on Rate Cut Hopes
Golden industrial concept continues to rebound, gold breaks through $2600 to reach a new high since listing, institutions believe sector valuation repair is expected.
Golden industrial concept continues to rebound. As of the time of publication, Chi Silver Gp rose by 3.51%; SD Gold rose by 3.03%; Chinagoldintl rose by 2.34%; Zijin Mining Group rose by 0.69%.
Hong Kong stock concept tracking | Gold prices continue to hit new historical highs, institutions are bullish on the following forecasts after the Fed's interest rate cut (with concept stocks)
The World Gold Council stated that global physical-backed gold ETFs saw inflows for the fourth consecutive month in August.
After the gold price reaches a new historical high, it will have even greater upside potential! Take a look at these two charts to understand the technical outlook for gold. How can investors profit and exit?
#Gold Technical Analysis# 24K99 News On Monday (September 16th), in the early Asian market, spot gold maintained a strong trend after a sharp rise last Friday, with the current gold price above $2581 per ounce.
Gold price hits a new high, two major tests are coming.
The main reason for this record high is not only the expected interest rate cut by the Fed, but also the official announcement of interest rate cut by the European Central Bank.
After "getting the US bond right", BofA's Hartnett: gold hedge against "secondary inflation", the best "contrary trade" is oil and metals.
Hartnett believes that whether it is Harris or Trump who finally becomes the President of the United States, it will not change the trajectory of the expanding government debt and ballooning deficit in the United States. Therefore, the market will turn to gold in a flight-to-safety sentiment, and it is expected that the price of gold will rise to $3,000 per ounce.
Express News | Bank of America: Gold is expected to rise to $3000.
Gold has surged during the past four terms of the US presidency, Citigroup: Aiming for $3,000 this year!
The price of gold rose by over 50% during President Trump's term, and then rose by 37% during President Biden's term. However, compared to President Bush's term, it can only be considered a "small fry". During his term, gold saw its largest increase since 1989, reaching as high as 215%.
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.
What on earth happened?! Gold prices soared over $80 this week, and fears of the Fed triggering next week's market. How to trade gold?
This week, spot gold has seen a major outbreak, with the weekly gold price skyrocketing by over $80, reaching a level of $2586 per ounce, hitting a new record high. FXStreet analyst Eren Sengezer wrote that gold has accumulated a bullish momentum this week, setting a new historical high. Recent technical trends have highlighted the dominant position of buyers. The Federal Reserve will announce the interest rate decision next week and release the revised dot plot.
Gold Adds to Record Highs, and Analysts Focus on Potential for $3,000
Gold: Final Test Before Takeoff? [Video]
Gold Is Going Higher [Video]
Expectations of interest rate cuts becoming a "reassurance pill"! Safe-haven funds are flowing into bonds and gold.
Global investors sold stock funds for the second consecutive week in the week ending September 11th.
Breaking through 2580! The market is experiencing a "golden tsunami", and the expectation of interest rate cuts is the strongest driving force.
①Spot gold prices strengthened by more than $20 in the short term, hitting a high of $2583.36 per ounce, setting a new historical high; ②Traders have raised the probability of the Federal Reserve cutting interest rates by 50 basis points next week from 14% yesterday to 41%. Former New York Fed President Dudley said during the day, "The reasons for cutting 50 basis points are very sufficient."
A new milestone is bound to be set! The gold bulls firmly believe that the price of gold will rise to $3000.
With the global major central banks easing monetary policy and intense competition in the US presidential election, the gold bulls are firmly bullish on the price of gold, which is expected to soar to a new record and is projected to reach the milestone of $3000 per ounce.
This year 2600, next year 3000! Banks are bullish on gold.
Goldman Sachs says gold has the greatest potential for price increase in the near future, and gold remains its preferred tool for hedging geopolitical and financial risks.