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Gold remains popular! On Valentine's Day, a visit to the Shenzhen Shuibei market revealed that the price of gold jewelry is approaching 700 yuan, with Volume increasing by 40%.
① Recently, the price of Gold varies each day, and it is expected to rise further. The flow of people and trade volume have increased by about 20-40% since after the holiday; ② After the expectations and price increases, the Gold recycling business has also become more popular.
Technical analysis: Spot Gold may rise to the range of 2971-2983 dollars.
On Friday (February 14) in the Asian market, spot Gold fluctuated and rose, currently up 0.25%, trading around $2936 per ounce. Reuters technical analysts indicated that spot Gold may break through the resistance level of $2939 per ounce, rising to the Range of $2971 to $2983. Analysts noted that Gold prices quickly rebounded from the low of $2864 on February 12. The rebound indicates that the upward trend will continue. Forecast analysis shows a target Range of $2971 to $2983. The support Range is $2909 to $2919.
DWS: The room for further increases in gold prices within the next 12 months may be limited.
DWS indicates that in the next 12 months, the potential for further increases in gold prices may be limited. Unless Western investors significantly increase their shareholding in Gold ETFs or geopolitical conflicts escalate further, it will be difficult for gold prices to see significant increases.
A major Gold market is about to unfold! The "terror data" is coming, FXStreet's chief Analyst analyzes the technical outlook for Gold.
During Friday's Asian market, spot Gold remained basically stable, with the price currently around 2926 USD/ounce. FXStreet's Chief Analyst Valeria Bednarik stated that Gold prices are stabilizing above 2900 USD/ounce, and there is room for retesting record highs. The USA will release January retail sales data on Friday.
Gold Price Resumes Rally as Concerns Grow Over Trump's Tariff Plans
Has Trump really set his sights on Gold? By adjusting the Statistics, the value of gold reserves could increase 70 times!
① Recently, the rising trend in the Gold market and the USA's phenomenon of "siphoning" Global Gold have attracted widespread attention from Global investors; ② meanwhile, on Wall Street, a speculation is becoming increasingly loud: is the Trump administration planning to reassess the value of its Gold reserves...