Gold is brewing a major breakout trend! The important employment data from the USA and ISM Indicators are here. How to trade Gold prices?
On Tuesday morning in the European market, spot Gold is maintaining a rebound trend during the day, with the current price around $2,644 per ounce. FXStreet senior Analyst Dhwani Mehta wrote that the Gold price is staying in the Range near $2,640 per ounce, and starting from Tuesday, the USA will sequentially release employment data.
Gold has surged in the short term! The price of gold has just surpassed 2645 dollars. Major news from Russia and Ukraine. How to Trade Gold?
# Gold Technical Analysis # 24K99 News On Tuesday (January 7), in the Asian market's late session, spot gold maintained an intraday rebound trend, with the gold price just breaking through 2,645 US dollars per ounce, rising about 10 US dollars for the day.
Gold Trade Reminder: Two major key data from the USA might ignite the market! FXStreet's chief Analyst analyzes the technical outlook for Gold.
On Tuesday during the Asian market, spot Gold maintained a mild rebound, with gold prices currently around $2639 per ounce. FXStreet chief Analyst Valeria Bednarik stated that gold prices continue in a consolidation phase, with bulls taking a slight breather while still maintaining control.
What exactly happened?! Gold prices experienced a "massive fluctuation" of 35 dollars in a single day. How to trade Gold next?
According to 24K99 news, on Monday (January 6), spot Gold closed slightly lower, but the gold price fluctuated very sharply during the day, with a range of $35.
Gold Declines After Trump Says His Tariffs Won't Be Pared Back
Gold Futures End Lower
"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."
①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.
Industry experts predict for 2025: Gold remains strong! Several CSI Commodity Equity Index face immense pressure.
Almost all CSI Commodity Equity Index are likely to face pressure this year!
Major signal in the Gold market! Bloomberg: Wall Street institutions are heavily invested in Gold and Trump will be a bullish catalyst.
24K99 news: The USA Bloomberg reported on Monday (January 6) that after experiencing a brilliant 2024, fund managers see many reasons to remain bullish on Gold.
With "Trump 2.0" approaching, Wall Street is confident that Gold will continue to shine! The reasons are as follows……
① In 2024, Gold skyrocketed by 27%, marking the largest annual increase since 2010, primarily due to central banks making large purchases, the Federal Reserve's monetary easing policy, and geopolitical risks causing market turmoil. ② In 2025, investors expect Gold to remain attractive, as Trump's new term brings uncertainty, potentially driving Gold purchases to hedge against risks.
Wall Street continues to look forward to the Gold bull market: aiming for 3,000 dollars.
After experiencing a glorious year in 2024, Fund managers still see reasons to remain Call.
Gold has suddenly experienced a sharp pullback! FXStreet Senior Analyst: Closing below this level may trigger a significant decline in Gold prices.
#Gold Technical Analysis# 24K99 News On Monday (January 6th), in the Asian market's late trading, spot gold suddenly accelerated its decline, and the gold price just hit a low of $2630.13 per ounce, refreshing the daily low.
Gold Slips As Bears Tighten Grip: Analysts Maintain Negative Outlook
Goldman Sachs has changed its mind! It has lowered the Target Price for Gold and no longer expects it to reach 3000 USD by the end of the year.
Goldman Sachs pointed out that the slowdown in the USA's monetary policy easing in 2025 will suppress the demand for Gold ETFs. Therefore, it is expected that the gold price will reach $2910 per ounce by the end of this year, rather than the previously anticipated $3000 per ounce. Goldman Sachs also expects the gold price to reach $3000 per ounce by mid-2026 as the Federal Reserve continues to cut interest rates.
Some on Wall Street are heavily invested in Gold, and Trump is the biggest support for the bulls.
The factors driving the surge in Gold prices last year have basically remained unchanged, and this year there is also the huge uncertainty brought by Trump, investors remain Bullish on Gold.
Gold suddenly experienced a sharp decline! The gold price dropped by 15 dollars from its daily peak. A glimpse of ceasefire in the Middle East suddenly appeared. How to trade Gold?
#Gold Technical Analysis# 24K99 News On Monday (January 6), at the end of the Asian market, spot Gold suddenly saw a significant decline in the short term, with the current Gold price dropping to around $2632 per ounce, a decrease of $15 from the earlier daily high of $2647.43 per ounce. FXStreet Analyst Haresh Menghani wrote an article on Monday analyzing the technical trends of Gold prices.
Goldman Sachs has backed down! No longer predicting that gold prices will reach 3000 dollars this year.
Goldman Sachs predicts that gold prices will not reach $3,000 this year, delaying that prediction until mid-2026. Additionally, Goldman Sachs forecasts that the S&P 500 Index is expected to rise by 11% to 6,500 points by the end of this year.
Goldman Sachs has postponed its prediction of gold prices reaching $3,000 to mid-2026, primarily due to the Federal Reserve's slowdown in interest rate cuts.
Goldman Sachs expects that gold prices will not reach $3,000 per ounce by the end of 2025 and has pushed this prediction to mid-2026 due to market expectations that the Federal Reserve will reduce the magnitude of rate cuts.
Prepare for the surge in gold prices this year! Kitco's annual survey: retail traders have strong confidence in the call potential of gold.
The well-known Gold News website Kitco reported that after an increase of nearly 30% in 2024, Gold prices continue to inspire confidence among many Industry experts, while most retail traders believe that in 2025, Gold prices will break through $3000 per ounce. Chantelle Schieven, research director at Capitalight Research, expects that Gold prices will exceed $3000 per ounce in the second half of the year.
Federal Reserve officials express concerns about inflation, and gold prices hover around $2,640.
Statements made by Federal Reserve officials over the weekend have reinforced the view that the Fed will adopt a more cautious approach to interest rate cuts this year.