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Abrdn Gold ETF Trust Newsroom
Silver's YTD Gain Beats Gold, Silver and S&P 500 Index but Investors Mostly Yawn
Major changes have occurred in the technical aspect of gold! The bears are targeting these goals. FXStreet analyst's gold price technical analysis.
#Gold Technical Analysis# 24K99 News: In early European trading on Wednesday, spot gold continued to be under pressure, currently around $2314 per ounce; earlier, the price of gold fell to $2309.58 per ounce, hitting a new intraday low.
Beware of the Federal Reserve's "Big Eagles" triggering a violent sell-off in gold! FXStreet senior analyst's analysis of gold trade.
#Gold Technical Analysis# 24K99 News On Tuesday (June 25th) during early European trading, spot gold maintained its downward trend for the day with current prices near $2324/ounce, down more than $10 for the day.
Could still rise nearly 30%! Bank of America called out a super high target price: gold may rise to $3000 next year.
Bank of America analysts predict that the price of gold may soar and is expected to reach $3,000 per ounce within the next 12 to 18 months. Michael Widmer, Bank of America's chief csi commodity equity index strategist, wrote in a report to clients that investment demand, geopolitical tensions, rate cuts, and central bank purchases of gold could all boost the price of gold.
Citi and Bank of America Merrill Lynch are both bullish: gold prices are expected to rise to $3000 in the next year.
Strong physical demand, central bank purchases, as well as macro factors such as concerns about US bonds and the Fed's interest rate cuts, will support the rise in gold prices.
Express News | Bank of America released a report that predicts long-term gold price will reach $3000 per ounce.
Gold Plunges as U.S. Services PMI Hits Best Level in More Than Two Years
Gold price confirms important breakthrough! Well-known institutions' analysis of gold trade show that gold prices may have more than $25 of upward potential.
#Gold Technical Analysis# 24K99 News As of Friday (June 21), spot gold is currently around $2,359/ounce, basically unchanged from yesterday's closing price.
Gold trading reminder on Friday: USA PMI is coming! How will the gold price move after a sharp rise? Keep an eye on these resistances and supports.
#Gold Technical Analysis# 24K99 News, on Friday (June 21), spot gold maintained an intraday rebound trend in the Asian market, and the current gold price is around 2363 US dollars per ounce.
Call gold in the short term! FXStreet chief analyst: gold is expected to have a large increase of 40 US dollars.
#Gold Technical Analysis # 24K99 News On Friday (June 21), spot gold basically stabilized after a sharp rise yesterday, and the price of gold is currently around $2360 per ounce in Asian markets.
Gold Price Stands Tall Near Two-week High Amid Rising Fed Rate Cut Bets
Gold price consolidates the previous day’s strong move up to a two-week high.
Gold is a long-term buy, but this one piece is missing from the puzzle.
The head of the CSI Commodity Equity Index strategy at Sheng Bao Banks stated that although gold has lost some momentum, there is almost no bearish sentiment in the market.
Gold's Asian market volatility intensifies! Gold price significantly retreated after approaching $2,340. How to trade gold?
#Gold Technical Analysis# On Thursday(June 20th), the spot gold price showed significant fluctuations in the Asian market, and the price of gold fell significantly after approaching the $2340/ounce mark.
Gold prices surged suddenly in the short term! The price of gold is approaching 2340. FXStreet Chief Analyst's technical analysis of gold.
During Thursday's Asian market session, the spot gold suddenly surged in the short term, and the gold price is approaching the $2340/ounce mark, with a rise of nearly $11 during the day. Valeria Bednarik, chief analyst at FXStreet, pointed out that the next major event is the Bank of England's monetary policy decision on Thursday.
Goldman Sachs warning: US election may trigger inflation storm, and gold will become a safe haven tool
The strategist believes that if the Republican Party wins both the presidency and Congress, it will bring the greatest risk to inflation and bond returns in the USA; some media reported that Trump's allies have developed a plan to weaken the independence of the Federal Reserve, although his campaign team has not confirmed such a plan.
How to hedge against US election-related risks? Goldman Sachs recommends buying gold!
Goldman Sachs believes that holding long positions in gold can hedge inflation risks caused by post-U.S. election impacts such as tariffs and weakened independence of the Federal Reserve.
Global central banks are keen on buying gold! The willingness to increase holdings has reached a five-year high, Goldman Sachs is bullish on the gold price reaching $2,700.
According to the survey results, Central banks of various countries increased their gold reserves by 1,037 tons in 2023, the second highest annual purchase volume in history. Previously, the record was set in 2022, which purchased 1,082 tons of gold.
The annual central bank survey is released! The World Gold Council: the most critical reason for increasing shareholding in gold is "this", as the global reserve status of the US dollar continues to weaken.
On Tuesday, June 18, WGC released a survey of central bank gold reserves in 2024, which showed that central banks around the world added 1037 tons of gold in 2023.
Central Banks Seen Buying up More Gold in Next 12 Months - World Gold Council
Central bank gold buying plans have not stopped. The market is digesting the US Federal Reserve's strategy. Wells Fargo & Co predicts that gold will enter a six-month period of consolidation.
Investors in gold need to be patient. According to Wells Fargo & Co, as the market gradually adapts to the Fed's maintenance strategy, gold may continue to consolidate throughout the summer.