Gold: Sizable Liquidations Over the Coming Week Are Possible – TDS
Europe is about to have major events today, keep a close eye on this support for gold in the short term! Powell arrives hand in hand with the small non-farm payrolls.
On Wednesday (December 4th), international gold prices rose slightly, supported by safe-haven demand, while the market awaited usa employment data and Federal Reserve Chairman Jerome Powell's speech for clues regarding the usa rate cut path.
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JPMorgan: It is recommended to include gold and infrastructure stocks in investments.
jpmorgan expects that the growth prospects of usa in 2025 will remain strong, but still recommends strengthening portfolio resilience by increasing shareholding in these two assets.
Be alert for today's "huge" fluctuations in gold prices! FXStreet senior analyst: gold prices are likely to drop by more than 35 dollars again.
In the early European session on Thursday, spot gold remained essentially flat, with the current gold price near $2636 per ounce. FXStreet senior analyst Dhwani Mehta warned that due to thin liquidity caused by the Thanksgiving holiday, gold prices may still experience severe fluctuations.