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Industry experts: Gold prices are expected to rise by about 10% within a year, once again reaching a historical new high.
①A recent survey shows that industry insiders expect that the price of gold is likely to rise by about 10% within a year, and set a new historical high next year; ②Gold is one of the best-performing csi commodity equity index in 2024, hitting new highs consecutively, mainly thanks to its safe-haven properties and the extensive purchases by various central banks.
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Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at certain times this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for loosening, which further strengthens the upward trend of gold. The price of gold is expected to continue to outperform financial fair value at the end of this year, with the largest magnitude since 1998.
Pointing to $2700? Gold approaches historical highs again as investors weigh the outcome of the USA election and the direction of USA Federal Reserve interest rates.
As investors shift their focus to the upcoming USA election, the price of gold is approaching a historical high. Polls predict that the competition in the USA election will be very intense in less than three weeks.
Gold industry 'supports' gold prices: there is still a 10% increase in the next year!
Although gold is expected to refresh historical highs, representatives of the gold industry do not think that the price of gold will break through the $3000 mark within a year.