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From Bold to Boring
After a rollicking spring rally, gold has settled into a trading range that seems typical for a summertime slowdown. One indicator is now pointing toward a big surprise soon, however.
What to Expect From Newmont Corporation's Next Quarterly Earnings Report
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.