NUGT240920P43500
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Direxion Daily Gold Miners Index Bull 2X Shares Newsroom
Spot gold first broke through the $2600 mark, with a sharp increase in long positions. Is gold speculative trading getting crowded?
With the help of the interest rate cut cycle and the escalation of tensions in the Middle East, the international gold price continues to rise!
Is the Fed's interest rate cut actually a risk for the US stock market? Bank of America's suggestion: buy bonds and gold on dips!
①Bank of America Merrill Lynch stated that with the arrival of a new round of loose monetary policy by the Federal Reserve, there is once again a risk of bubbles in some markets; ②The bank recommends that investors should allocate bonds and gold to hedge against bubble risks.
Gold Tops $2,600 Barrier to Wrap up Big Week, but Correction Could Be Coming
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Commodity Update: Gold Hits New High Above $2,600, Crude Oil Eases
Gold bulls are enthusiastic, with India's tax reduction adding another "boost".
According to government data released on Tuesday, India's gold imports in August reached a record-breaking $10.06 billion, which means an import volume of approximately 131 tons of gold, the sixth-highest total in history.
Gold hits new all-time high again! Did the Federal Reserve completely unleash bullish enthusiasm?
Gold may rebound further this time, is 2700 also within the bull market's scope?
Crazy buying! India's gold imports last month exceeded $10 billion, the highest ever.
①There are increasing signs that, after india lowered gold import tariffs this summer, the demand for gold jewelry and bars among indian consumers has surged, which has increasingly become a key driving force behind the repeated record highs in global gold prices...... ②Data released by the indian government this week shows that the value of india's gold imports in August reached 10.06 billion US dollars, marking the highest level in history when calculated in US dollars.
Express News | Spot gold breaks the previous high, refreshing the historical high to $2600.22 per ounce.
The recent major move by the Modi government may be an important driving force behind the recent record high gold prices!
The Financial Times of the United Kingdom reported that after India recently lowered tariffs, Indian consumers' demand for gold jewelry and gold bars surged, helping to drive global gold prices to new highs. Data released by the Indian government on Tuesday showed that in August, the country's gold imports reached the highest level on record in US dollars, reaching $10.06 billion.
Gold's short-term acceleration in price suddenly rose! The price of gold just reached $2593. FXStreet Chief Analyst's technical analysis of gold.
In the Asian market on Friday, gold spot prices suddenly accelerated and reached $2593 per ounce. Valeria Bednarik, Chief Analyst at FXStreet, pointed out that gold prices are rebounding, aiming to expand the increase above $2600 per ounce.
Gold prices are crazy! The state-owned major banks have urgently announced the adjustment of the rules for accumulating gold rsp.
Analyst: The upward trend in gold prices remains unchanged.
Major news breaks during Middle East ceasefire negotiations! Gold price soars over $27. How to trade gold next?
#Middle East situation##Gold technical analysis#2K99 News On Thursday (September 19), spot gold soared more than 1%, once approaching $2595 per ounce.
The day after the Fed cut interest rates, gold hit another historic high! Ubs group predicts that the price of gold will reach $2700 by the middle of next year.
The day before, the Federal Reserve initiated a monetary easing cycle, cutting interest rates by 50 basis points. This move is seen as bullish for gold, as lower borrowing costs are favorable for gold, which does not pay any interest.
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Gold suddenly took a big turn! The price of gold surged $25 within the day. What's next? FXStreet analyst's technical analysis of gold price.
In early European trading on Thursday, spot gold surged significantly, with the price of gold approaching $2585 per ounce, rising $25 intra-day. Dhwani Mehta, a senior analyst at FXStreet, pointed out that based on the daily chart of gold, the relative strength index (RSI) is bullish, which continues to keep buyers active, and the price of gold is expected to retest $2600 per ounce.
Who has a higher winning percentage between the US dollar, the Chinese yuan, and gold before and after the first rate cut by the Federal Reserve?
From the historical interest rate cuts, the US dollar is under short-term pressure after a rate cut, and the medium to long-term trend is influenced by the relative strength of the US economy and global risk aversion, making it difficult to predict. The RMB exchange rate is relatively independent, with a greater chance of gold winning.