Commodity Roundup: Gold Back Above $2,600, ING Sees Oil Market Surplus Through 2025
After a period of consolidation at high prices, gold prices have strengthened again, and gold etfs have collectively rebounded! Is the opportunity to invest here?
Goldman Sachs believes that the unprecedented escalation of trade tensions and the growing concerns over inflation and fiscal risks will lead to an increase in demand from speculative positions and etf.
How to trade after gold has risen sharply? This level may become a strong resistance according to FXStreet senior analyst's technical analysis of gold prices.
In early European trading on Tuesday, spot gold maintained its intraday rebound, with the current gold price near $2620 per ounce. FXStreet senior analyst Dhwani Mehta pointed out that during the gold recovery process, the gold price may encounter sellers at the resistance level of $2655 per ounce.
Is gold still worth buying? The opinions of three Wall Street investment banks are divided.
Goldman Sachs, JPMorgan, and UBS Group have divergent views on the outlook for gold, but they all point out a key supportive factor.
Gold price broke through the technical level and is trending upwards! Well-known institutions: Gold prices may have more than $30 room to rise.
On Tuesday in the Asian market afternoon, spot gold maintained an intraday rebound trend, with the price currently near $2624 per ounce, rising nearly $13 during the day. According to Economies.com, the gold price has broken above the key trendlines level, with the outlook turning bullish, targeting the first goal at $2655.00 per ounce.
Gold has suddenly surged! The gold price has increased by nearly 14 dollars within the day, according to FXStreet senior analyst's analysis of the technical outlook for gold prices.
During Tuesday's Asian market session, spot gold suddenly surged sharply, with the gold price just breaking through 2,625 dollars per ounce, a rise of nearly 14 dollars during the day. FXStreet senior analyst Pablo Piovano pointed out that the resurgence of geopolitical factors, especially those arising from the Russia-Ukraine war, is the main driving force behind this latest round of gold price increase.