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Trump's tariff threats trigger safe-haven buying, and gold prices are expected to rise by about $25! FXStreet Senior Analyst's analysis on gold trading.
On Tuesday morning in the European market, spot Gold maintained its intraday rebound, currently priced around $2725 per ounce, up about $18 for the day. FXStreet Senior Analyst Dhwani Mehta stated that due to Trump's tariff threats, Gold buyers are turning their attention to $2750 per ounce.
Bullish Sentiment Intact For COMEX Gold
Trump's remarks have driven Gold prices up by nearly $20 intraday! Bulls are targeting this resistance, according to analysis from well-known Institutions on the Trade of Gold.
#Gold Technical Analysis# 24K99 news On Tuesday (January 21), in the Asian market's late trading, spot gold maintained a rebound trend, with the current gold price around 2727 USD/ounce, rising nearly 20 USD during the day.
DWS: The likelihood of a continued strong rise in the U.S. stock market in 2025 is low, and Gold is expected to fluctuate within a narrow range.
DWS, a German Asset Management company, has released its market outlook for January 2025.
Trump has stated that a "Global Universal Tariff" may be imposed, and Gold has significantly broken through! Analyst: Gold prices are aiming for historical highs.
On Tuesday during the Asian session, spot Gold maintained a strong rebound, with the current price around 2727 dollars per ounce, having risen nearly 20 dollars during the day. FXStreet Analyst Pablo Piovano stated that Gold prices are still focused on historical highs.
In November, 43 tons of Gold were purchased in a buying frenzy! Goldman Sachs revealed a "mysterious Gold buyer": an anonymous central bank circumventing the Swiss Franc.
Goldman Sachs estimates that in November last year, the central banks and Institutions' over-the-counter Gold Bid reached 117 tons, far exceeding the expected 46 tons. Among them, an anonymous central bank purchased 43 tons of Gold through Swiss Franc channels, second only to China's central bank's 50 tons of Bid.