Shares of Precious Metals Stocks Are Trading Higher as Gold and Silver Rise Amid Macro Uncertainty, Which Has Been Attributed to Middle East Conflict and the Upcoming US Presidential Election.
Here's One Economic Message From the Costco Gold Bar Craze
How high can the price of gold rise? Wall Street: Central bank interest rate cuts, dual stimulation of safe-haven sentiment demand, can reach at least 3000 US dollars!
UBS Group stated that there is a lot of room for shareholding in gold, with a target price of $3000 per ounce next year; Bank of America believes that the gold bull market is driven by policy and inflation, with the Fed determined to cut real interest rates in the next few quarters, investors need to hedge against the threat of inflation and dollar depreciation, gold is expected to far exceed $3000 per ounce.
Gold's next target is set at 2820? Another major event is approaching on Tuesday!
94% of the surveyed analysts and 72% of retail investors are bullish on the price of gold, with the next upside target at 2820. Will test $3000 in the first quarter of next year?
Gold hits another record high! Read this article to understand: Will the price of gold soar above $3,000 under the 'Republican Red Tide'?
1. In 2016, the Republican Party's sweep in the general election is good news for stocks, oil, and the US dollar, but very bad for bonds and gold; 2. Bank of America's Chief Strategist Hartnett believes that this time the fate between gold and oil may be reversed.
FXStreet's senior analyst's latest warning: Be cautious of gold price pulling back after reaching a new all-time high! The latest technical analysis on gold.
In early European trading on Monday, spot gold has experienced a top reversal from the previous record high, with the current price around $2725 per ounce. FXStreet Senior Analyst Dhwani Mehta pointed out that the Relative Strength Index (RSI) on the daily gold chart remains in overbought territory, investors need to beware of a potential price pullback.