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Gold Is the New Bitcoin – TDS
Direct hit usa election | Trump officially announced to win the USA election.
The 2024 US presidential election will officially vote on November 5, kicking off a critical battle that will determine the future direction of the United States.
Historically, gold has performed poorly after elections. Will it be different this time?
Citigroup believes that gold may face pressure in the short term after the US election, but the relationship between gold and the "Trump trade" is not significant. The structural bull market of gold remains stable, and investors are advised to buy when the gold price falls, expecting the price to reach $3,000 per ounce in the next 6 months.
On the eve of the election, Goldman Sachs suddenly made significant adjustments to the "long gold" trade.
Goldman Sachs believes: Without exaggeration, "everyone we've spoken to is long gold," so they have reduced their gold positions to lower risk, "leaning towards holding long positions through options, this way there's enough ammunition to buy on dips."
Pacific Securities: Overseas core inflation resilience is strong, bullish on metal price increases.
This week, the average price of copper concentrate TC is $11.09 per ton, a change of + $0.23 per ton compared to last week. The shortage of resources in domestic smelters has eased slightly, and TC prices continue to rise slightly.
Copper and Other Metals Rise as Dollar Falls Before US Vote