Silver Is Trading Higher Following the Fed's Recent Rate Cut.
All roads lead to gold, and the price of gold may exceed $3000!
Analysts said that the Federal Reserve will continue to cut interest rates, the US sovereign debt crisis will drive investors to buy gold, breaking through the 3000 mark is just a matter of time!
Exchange-Traded Funds, Equity Futures Edge Higher Pre-Bell Tuesday Ahead of Consumer Confidence Data, US Treasury Buyback Announcement
Gold prices surged through $2640, hitting a new high! UBS Group predicts: reaching 2700 next year is not a dream.
ubs group analyst wrote in a report released on Monday, "Although record high stock price may deter some investors, we believe there are several reasons to prove that gold still has room to rise."
Gold's September Performance Has Been "Unseasonably Strong" - UBS
"Gold will definitely break through $3000!" Investment manager: The Fed's strong signal needs urgent hedging of US sovereign debt.
Senior portfolio managers are optimistic that gold will definitely break through $3,000. He pointed out that the Federal Reserve's initiation of a new round of easing cycle sends a strong signal, and the market urgently needs to hedge against US sovereign debt.