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A historic moment! New York futures gold has first broken through the $3000 per ounce threshold, and Hong Kong stocks of Golden Industrial Concept have risen across the board.
① Thursday was undoubtedly a historic moment for the Precious Metals market; ② New York gold futures broke through the $3000 per ounce mark at the end of the trading session for the first time in history!
Trump becomes the biggest Bullish factor, Gold hits new highs again, and another major country has bought a large amount of Gold in the past few months.
As the destructive trade policies that may be implemented by the Trump administration create market uncertainty, along with heightened geopolitical tensions globally, investors are increasingly turning to Gold as a traditional safe-haven asset. In recent months, the Iranian government has also significantly increased its Gold holdings, converting 20% of its Forex reserves into Gold. Macquarie Group predicts that Gold prices will soar to $3,500 per ounce in the second quarter, and BNP Paribas also expects future Gold prices to be far above $3,000 per ounce.
The tariff war ignited by Trump has raised Precious Metals prices, with Gold hitting new highs and approaching the 3000 mark.
① The spot and Futures Gold prices both surged in the New York session, reaching historic highs; ② The increasing uncertainty of USA tariff policies and bets on the Federal Reserve easing MMF policies keep Gold's appeal strong.
The tension over tariffs has intensified, and Gold prices have surged to a historic high, approaching the $3000 mark.
On Thursday, due to Trump's latest threat to impose tariffs on European imported Commodities, market risk aversion intensified, and Gold prices reached a historic high, with Futures Gold temporarily rising nearly 1.8% approaching the $3000 mark, and Gold and Silver mining stocks saw broad gains. Earlier, Goldman Sachs once again raised its Gold price forecast, stating that central bank purchases of Gold are the core driving force, and the Gold price could rise to $3250 by the end of the year.
The "big short" has shifted to Gold and maintains a bullish outlook!
Legendary investors have turned to Gold, stating that going long on Gold is equivalent to shorting everything that could possibly go wrong.
The surge in Gold is not over yet! Macquarie sets the highest target price on Wall Street: $3500.
1. Analysts from Macquarie Group expect that by the third quarter of this year, Gold prices could reach a record high of $3,500 per ounce; 2. Driven by geopolitical uncertainties and the risks of President Trump's tariff policies, the price of Gold has already risen by 12% this year.