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.
Spot Gold Tops $2,700 as Metal Extends Its Record-Breaking Run
Gold Hits Record High as Interest Rates Fall
Spot gold hits another all-time high, with the 'Trump trade' joining the ranks of price drivers.
①Spot gold has strengthened, hitting a high of $2688.82 per ounce, surpassing the previous record set on September 26th; ②Analysts believe that in addition to geopolitical tensions, the gold price is also influenced by the "Trump trade".
Israeli forces open fire on UN forces! FXStreet Chief Analyst: Gold prices expected to rise by about $25 again.
On Thursday in the Asian market, spot gold maintained a strong trend after a big rise yesterday, with the price currently near $2675 per ounce. Chief analyst Valeria Bednarik from FXStreet pointed out that the target for gold is to reach a new all-time high, challenging the $2700 per ounce level.
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.