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The gold price has returned to $2700, and China Construction Bank continues to raise the entry threshold for individual gold rsp, conservative and cautious customers will no longer be able to invest in this product.
On the evening of November 22, China Construction Bank Corporation announced that starting from tomorrow, it will adjust the risk rating of the Easy Gold (physical gold rsp) product to 'medium risk.' Conservative and cautious customers will not be able to carry out the aforementioned 'Easy Gold' corresponding trades.
Spot gold briefly rose above the $2,700 mark as the escalating conflict between Russia and Ukraine highlighted the appeal of safe-haven assets.
① The spot gold price is expected to achieve the largest weekly increase in over a year this week, reaching a daily high of $2700.21 per ounce; ② The situation between Russia and Ukraine has become complicated, with Russia testing a "new type of medium-range hypersonic missile"; ③ Global central bank bids have driven gold prices to rise more than 30% since the beginning of the year.
Is the "grass-eating" trend coming to an end? Gold is expected to have the most "bullish" week in a year.
The tense geopolitical situation has once again boosted, and the road to new highs for gold may not be over yet.
Bitcoin hits a new high, racing toward 0.1 million dollars! The asset management scale of bitcoin etf is expected to surpass that of gold etf.
① As bitcoin continues to reach new highs and approaches the $0.1 million mark, the asset management scale (AUM) of us etfs directly investing in bitcoin surpassed $100 billion for the first time this Thursday; ② This also brings us cryptocurrency investors closer to achieving a long-awaited goal: for the asset management scale of bitcoin etfs in the usa to exceed that of gold etfs.
Zheshang: Why can gold still be bought?
The prospects of "expansive fiscal policy + re-inflation" are becoming clearer, the trend of deteriorating dollar credit is difficult to reverse, and central bank demand for gold is expected to continue to strengthen, thus driving a long-term bull market for gold. In the future, we may see a long-term decoupling of real interest rates, the usd, and gold.
Anglogold Ashanti Analyst Ratings