Gold Trade Alert: Two important data points in the USA may ignite market trends! FXStreet Analyst's analysis of gold price trading.
#Gold Technical Analysis# On Thursday (December 12), during the early European market, spot gold maintained a slight downward trend, with the current gold price around 2715 USD/ounce.
Gold bulls are brewing the next wave of breakout! Notable Institutions: Gold prices still have over 30 dollars of upward potential.
On Thursday at the close of the Asian market, spot Gold is around 2714 dollars per ounce. According to Economies.com, the current gold price is waiting for further increases, with the first target aiming at 2745.00 dollars per ounce.
ING Groep: Gold will shine in the CSI Commodity Equity Index bear market.
Analysts expect that many varieties of the CSI Commodity Equity Index will gradually decline in price next year, while the average price of Gold will rise from the current approximately $2,713 per ounce to $2,760.
MetalsFocus: It is expected that gold demand in the Middle East will slow down in 2024, and risks will still exist next year.
Recently, MetalsFocus indicated that the average gold price is expected to increase by 23% year-on-year this year, while the gold jewelry Consumer in the region is expected to decrease by 8% year-on-year.
Gold Slips as Traders Turn Focus to Next Year's US Rate Outlook
After the significant rise in Gold prices, has it reached an overbought state and will it experience a corrective decline? FXStreet's Chief Analyst analyzes the technical outlook for Gold.
On Thursday during the Asian market, spot Gold has retreated somewhat after a significant surge yesterday, with the price currently around 2709 dollars per ounce. FXStreet's Chief Analyst Valeria Bednarik noted that technical indicators on the 4-hour chart show that Gold has reached overbought conditions, but there are no conclusive signs indicating an imminent corrective decline.
Rare! The international Gold futures price gap is "skyrocketing," possibly related to Trump's tariffs.
Investors closely monitoring international gold prices may have noticed this phenomenon yesterday: the premium of New York Gold Futures and Silver Futures compared to spot goods has widened significantly; in Wednesday's London early morning Trade, the February delivery Comex Gold Futures price was once $60 per ounce higher than the spot gold (London gold) price, a highly unusual price difference, with a gap of approximately 2%.
Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.
Goldman Sachs believes that the West looks at the Federal Reserve, expecting a rate cut of 125 basis points by the end of next year will boost Gold prices by 7%; the East looks at central banks, where a strong dollar will not stop central banks from purchasing Gold, with expectations that by the end of 2025, central bank purchases will increase Gold prices by 9%.
The reason for the gold price surge of 24 dollars has been found! A major news update from Russia and Ukraine, how to Trade Gold?
On Wednesday, due to the significant increase in the likelihood of the Federal Reserve lowering interest rates next week after the USA CPI data was released, Gold prices soared. The CME's "FedWatch" tool indicates that traders expect a 95% chance of a 25 basis point rate cut at the Federal Reserve meeting on December 17-18, up from a markedly lower 86% before the CPI data was released.
Will gold continue to shine next year? Goldman Sachs is listed as one of the “three major catalysts”: see you at $3,000!
① Goldman Sachs expects the price of gold to rise 11% to $3,000 per ounce by the end of 2025; ② Goldman Sachs believes that interest rate cuts by the Federal Reserve, increased gold purchases by central banks, and rising geopolitical uncertainty are the three major factors driving the price of gold higher.
Gold Holds Four-Day Climb as US Data Reinforce Rate-Cut Outlook
Express News | The largest Global Silver ETF -- iShares Silver Trust's holdings decreased by 179.98 tons compared to the previous day, with the current holdings amounting to 14,414.25 tons.
IShares Silver Trust Options Spot-On: On December 11th, 286.38K Contracts Were Traded, With 5.79 Million Open Interest
On December 11th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 286.38K options for the day, of which put options accounted for 17.5% of the total
Exchange-Traded Funds Higher, Equity Futures Mixed Pre-Bell Wednesday as Investors Anticipate Latest Inflation Data
Goldman Sachs raises a Call for Gold, but warns of this major downside risk.
Goldman Sachs believes that the correction of Gold after the election is only temporary. In their opinion, the strengthening of the US dollar does not pose a threat to the rise of Gold, the real risk lies in......
Daily Options Tracking | Google's quantum chip is extremely popular! A call option made a staggering 63 times profit; NVIDIA's stock price is sluggish, with implied volatility of options increasing for four consecutive days.
After the earnings report, C3.ai's stock price experienced significant fluctuations, briefly rising over 7% before turning negative. During the session, the Options Volume surged to nearly 0.4 million contracts, ranking eleventh on the list of individual stock options in the U.S. market, with a Call ratio of 72.4%.
Gold Takes a Breather at $2,700 With All Eyes on US Inflation
The gold price has once again broken through 2700 dollars during the session! Wall Street is bullish, and will the Gold ETF likely take off accordingly?
Recently, Morgan Stanley released the 2025 Commodity Outlook report, stating that Gold remains the "best choice" for hedging uncertainties, expecting the price to rise to $3000 per ounce next year, with an average of $2950 per ounce by the fourth quarter.
A major Gold market trend is about to break out! The USA CPI is coming, and FXStreet Analyst provides the latest trading analysis on Gold prices.
On Wednesday morning in the European market, spot Gold traded around $2,693 per ounce; during the Asian session, the gold price briefly broke through the $2,700 per ounce level. FXStreet Senior Analyst Dhwani Mehta pointed out that from a technical perspective, gold prices have broken through the moving average, and the Relative Strength Index (RSI) indicates a Call.
"Assets that no one can freeze" - Russia rekindles its obsession with Gold.
To support that war, the Kremlin could only buy Gold in bulk and exchange it for hard currency through a new "Gold trade route." This might be the reason why spot prices are reaching new highs...