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Gold suddenly experienced a deep correction, with the price dropping more than 30 dollars after hitting a historic high. How to trade gold?
During the New York session on Wednesday, spot gold experienced a big drop, with the price falling more than $30 from the historical high reached within the session, and it approached the $2450/ounce mark. Analysts pointed out that despite the decline in the US dollar and US bond yields, the gold price still retreated, mainly due to trading driven by investors taking profits.
Gold "takes flight", Bridgewater's founder Dalio once again supports!
Ray Dalio believes that gold, which is at a record high, still remains attractive.
As the US dollar weakens, the prices of industrial metals rise.
London copper futures prices have recently slightly increased, mainly due to the dual impact of the weakening of the US dollar and the expected reduction in production of Chinese smelters.
Technical report from Liu: Pay attention to this key resistance level for gold, while US oil is challenging its first resistance level.
Silver should pay attention to whether it can return to this level. The US dollar is still bearish, and Europe and the United States are testing the main resistance.
Crazy Gold: The price of gold returns to the "7" level, with many companies reporting profit growth.
Looking ahead, there is high certainty of continued strong performance for the gold market, which presents an opportunity for valuation repairs in the sector.
Rate cut rumors heating up in July! Gold futures are approaching $2,490 during trading, will gold prices reach $3,000?
At present, the market has fully priced in the Fed's interest rate cuts in September, while the call for interest rate cuts in July has begun to heat up. Some institutions believe that the future gold price may reach $3,000 per ounce.