No Data
No Data
Golden industrial concept continues to rebound, gold breaks through $2600 to reach a new high since listing, institutions believe sector valuation repair is expected.
Golden industrial concept continues to rebound. As of the time of publication, Chi Silver Gp rose by 3.51%; SD Gold rose by 3.03%; Chinagoldintl rose by 2.34%; Zijin Mining Group rose by 0.69%.
Gold price hits a new high, two major tests are coming.
The main reason for this record high is not only the expected interest rate cut by the Fed, but also the official announcement of interest rate cut by the European Central Bank.
After "getting the US bond right", BofA's Hartnett: gold hedge against "secondary inflation", the best "contrary trade" is oil and metals.
Hartnett believes that whether it is Harris or Trump who finally becomes the President of the United States, it will not change the trajectory of the expanding government debt and ballooning deficit in the United States. Therefore, the market will turn to gold in a flight-to-safety sentiment, and it is expected that the price of gold will rise to $3,000 per ounce.
Express News | Bank of America: Gold is expected to rise to $3000.
Gold has surged during the past four terms of the US presidency, Citigroup: Aiming for $3,000 this year!
The price of gold rose by over 50% during President Trump's term, and then rose by 37% during President Biden's term. However, compared to President Bush's term, it can only be considered a "small fry". During his term, gold saw its largest increase since 1989, reaching as high as 215%.
On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.
"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.