Bullish atmosphere is strong for gold! UBS Group: Next target is $2900, any pullback will be 'short-lived'.
UBS Group indicates that the current call atmosphere is strong, while the bearish sentiment has disappeared, and there is still room for gold allocation to rise, which is expected to further drive up the gold price. Looking ahead, a recession in the USA is the most favorable scenario for gold, while premature easing by global central banks leading to an economic "hard landing" will be the most bearish scenario for gold.
Global Commodity Inflows Surge to Three-month Highs
Behind the frenzy of gold, there is a paradox waiting to be solved!
There is a certain paradox in the financial markets, and it remains to be seen which side will be overturned, waiting for time's verification.
Gold "new bull market" coming? More and more Wall Street big shots are bullish up to $3000!
①Analysts believe that gold is currently in a "new call phase"; ②More and more analysts predict that the price of gold will continue to rise, set more new records, and call up to $3000 per ounce.
Gold is rising unusually! Allianz chief advisor: The dollar system is being eroded.
①Mohamed El-Erian, Chief Economic Advisor at Allianz, stated that the continued gold purchases by foreign central banks are an important driver of gold strength; ②The changes in gold prices are not only exceptional in terms of traditional economic and financial impacts. It also transcends the strictly geopolitical influences, forming a more widespread phenomenon that is becoming a long-term trend.
Is the sky the limit? Gold price hits a new high, analysts say it hasn't peaked yet!
Asset management institution sprott stated that after gold price hit a record high, gold is now in a "new call phase". Other analysts also predict that the gold price will continue to rise to new highs.