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.
Biden's major decision triggers the market! Big news from Russia and Ukraine stimulates safe-haven demand, with the gold price surging nearly $49. How to trade gold next?
On Monday, due to the halt in the rising momentum of the usa dollar and the renewed uncertainty from the escalation of the Russia-Ukraine conflict, gold prices surged, after having fallen for six consecutive trading days. Daniel Pavilonis, a senior market strategist at RJO Futures, stated: "Part of the reason is that usa President Biden announced the provision of long-range missiles to Ukraine, enabling it to conduct deeper strikes into Russian territory. I believe this has triggered some safe-haven demand for gold."
Express News | Analysis: Gold has broken away from the downtrend following the USA election, with strong demand keeping its shine intact.
The significant news from Russia and Ukraine has stimulated a daily surge in gold prices by over 21 dollars. How to trade next? FXStreet senior analyst gold technical analysis.
In early European trading on Monday, spot gold maintained a strong intraday surge, with the current price near $2584 per ounce, up more than $21 intraday. FXStreet senior analyst Dhwani Mehta pointed out that gold rebounded strongly early Monday morning and approached the key level of $2600 per ounce. The risk of escalating geopolitical tensions between Russia and Ukraine is imminent, prompting buyers to return in large numbers.
Goldman Sachs directly suggests: buy gold! Next year, the price of gold will reach $3000.
①Goldman Sachs expects the target price of gold to reach $3000 per ounce by December 2025, due to increased central bank demand and the impact of interest rate cuts in the USA; ②Reports suggest that escalating trade tensions may revive speculative positions in gold; ③ Goldman Sachs has identified gold as the top choice for commodity trading in 2025, and indicates that the price of gold may continue to rise during Trump's term.
The dollar's upward momentum paused, gold prices rebounded! Goldman Sachs is calling out to "buy gold", predicting $3000 by the end of next year.
Risk aversion sentiment is warming up again.
The world's largest lithium producer: shifting the supply chain to the West is not feasible.
①Kent Masters, CEO of the world's largest lithium producer Albemarle, recently stated that establishing a supply chain in North America and Europe to regain control over key mineral resources from China is not economically feasible. ②He also added that the United States will "absolutely" face risks of failure in the lithium resource competition with China.
Goldman Says 'Go for Gold' as Central Banks Buy, US Fed Cuts in 2025
Gold lost some luster due to Trump, analysts recommend buying on the dips!
Analysts point out: "People are truly interested in gold when all other investment categories are not effective."
Express News | Goldman Sachs said to "buy gold," central bank demand and the prospect of a US Federal Reserve interest rate cut are expected to help gold prices reach $3,000 next year.
With Trump's inauguration approaching in January, Bank of America Merrill Lynch advises investors to adjust their portfolios: focus on US bonds, European and Chinese stock markets, and gold.
Bank of America advises investors to adjust their portfolios before Trump's inauguration in January, focusing on US Treasury bonds, China and Europe stock markets, and gold.
The most recent 13 US election windows have had the worst performance: Can gold still be bought?
① This month, usa's president-elect Trump won the election in a landslide, which immediately boosted the performance of markets from us stocks to bitcoin. ② However, among a series of pre-election highly praised Trump trades, gold has clearly become an exception...
Goldman Says 'Go for Gold' as Central Banks Buy, Fed Cuts in '25
Gold has experienced a sudden explosive market trend! Biden has just made a significant decision regarding the Russia-Ukraine war, causing gold prices to soar more than $30 within the day.
During the Asian market on Monday, spot gold suddenly surged significantly in the short term, with the gold price now approaching $2595 per ounce, soaring over $30 within the day. FXStreet analyst Lallalit Srijandorn pointed out that escalating geopolitical tensions in the Middle East, along with ongoing conflicts between Ukraine and Russia, may boost safe-haven fund flows and benefit gold.
Gold Rebounds After Deep Weekly Loss With Rate Outlook in Flux