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International gold price broke through $2700 per ounce for the first time, driven by who for the "historic" surge?
Since the beginning of this year, "gold hits new highs" has become a common phrase. Analysts generally believe that the continuous impact on the historical new highs of gold prices is mainly driven by the monetary nature and safe-haven nature.
Essentially ignoring traditional bearish signals! Is gold's unstoppable upward trend real?
The reaction of the gold market may indicate that investors are skeptical about this event...
Breaking through the $2700 mark! Has gold replaced US debt as the safest 'safe haven'?
Driven by various factors such as geopolitics, the US presidential election, and central bank bids, the gold price hit a new high again intraday. Bank of America believes that considering the possibility of the federal deficit continuing to increase after the election, putting pressure on the US bond market, gold may become more attractive, with the potential to rise further to $3000.
Gold Market Analysis: The European Central Bank continues to cut interest rates, and gold decisively moves towards a new peak.
Bank of China's Guangdong branch manager Wang Gang stated that the retail sales and weekly initial jobless claims reports released by the United States on Thursday showed the resilience of the US economy. These two reports belong to the hawkish camp of US monetary policy, hoping to see the Federal Reserve exercise restraint in cutting interest rates. The European Central Bank's proactive rate cut naturally leads investors to speculate that the Federal Reserve and the United Kingdom's central bank are likely to follow suit. In addition, the ongoing geopolitical tensions in Russia, Ukraine, and the Middle East continue to add to the demand for safe-haven assets such as gold.
Spot gold breaks the $2700 mark for the first time in history! Is Trump the biggest bullish factor?
The gold rally continues, with the fear of the US election and the imminent tension in the Middle East boosting demand for safe-haven assets. The price of gold remains above $2700, with bulls continuing to dominate near historical highs!
Middle East suddenly declares a "war escalation", gold price just soared to $2712. FXStreet chief analyst analyzes the technical prospects of gold price.
During the Asian market on Friday, spot gold maintained a significant increase trend intraday, with the gold price currently near $2710 per ounce; the gold price reached $2712.01 per ounce earlier, hitting a new historical high. Valeria Bednarik, Chief Analyst at FXStreet, wrote that the gold price continues to reach new highs, indicating that the bull market is not over yet.
Five reasons why the upward trend of gold has not ended yet!
"In a bull market, being a bystander is the worst place to be!"
Spot Gold Extends Its Record-breaking Run to Top US$2,700
Gold price continues to hit new highs! Risk aversion sentiment heats up, spot gold breaks above $2700.
Spot gold broke through $2700, continuing its record-breaking rise.
Bank of America: Gold will be the "ultimate safe haven", expected to reach $3000 by the end of the year!
Analysts suggest that gold appears to be the last standing "safe haven", prompting traders, including central banks, to increase their holdings.
Spot Gold Tops $2,700 as Metal Extends Its Record-Breaking Run
Breaking news from the Middle East, gold prices surged nearly $20! Gold hits another all-time high. How to trade next?
On Thursday, influenced by the tense situation in the Middle East and the uncertainty of the USA elections, the spot gold surged nearly $20, hitting a historic high. FXStreet analyst Christian Borjon Valencia pointed out that the upward trend of gold remains intact. Bulls may push spot gold prices towards the psychological level of $2700 per ounce in the short term.
Gold Hits Record High as Interest Rates Fall
Gold Touches New High to Hold Above $2,700 per Ounce
Bitcoin and Gold in One ETF: A Strategic Inflation Hedge for Volatile Markets Launched
Gold trading reminder: "Terrifying data" may trigger the market! FXStreet analyst's gold price trading analysis
On Thursday (October 17th), during the Asian market session, the spot gold price maintained a rebound trend, with the price currently trading near $2680 per ounce. Earlier, the gold price once approached $2685 per ounce.
Gold Price Flirts With Record Peak, Seems Poised to Appreciate Further
Israel has just received the latest big news! Gold prices have surged close to a historic high. How to trade gold next?
On Wednesday, the spot gold price significantly rose, coming very close to the previous all-time high. FXStreet analyst Christian Borjon Valencia pointed out that amidst investor concerns about economic slowdown, geopolitical uncertainty and the upcoming US election are driving demand for gold as a safe-haven asset.
Gold futures are holding near historic highs, with the market focusing on multiple hotspots in the USA.
Gelonghui October 16th | Gold futures rose 0.6% intraday to $2695.70 per ounce, staying near historical highs.
Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at certain times this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for loosening, which further strengthens the upward trend of gold. The price of gold is expected to continue to outperform financial fair value at the end of this year, with the largest magnitude since 1998.