The reason for the significant $27 increase in gold price on Friday! How to trade gold next week? Analyst's technical analysis of gold price.
#Gold Technical Analysis# 24K99 News On Friday (October 11), due to the prospect of a rate cut next month in the usa driven by the PPI data, as well as the boost in gold prices from the safe-haven demand brought about by the tense geopolitical situation in the Middle East, spot gold prices rose sharply by 1% at close.
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Structural transformation has arrived! Is gold at $3,000 not impossible?
The analyst pointed out that although the price of gold has shown strong momentum over the past year, precious metals have just entered a new bull market cycle, and $3000 per ounce gold is not out of reach.
MetalsFocus: Can silver mine supply meet the growing industrial demand?
The key issue currently facing the silver market is whether silver ore supply can restore supply-demand balance.