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Proshares Ultrashort Silver Newsroom
Gold Slips as Traders Turn Focus to Next Year's US Rate Outlook
After the significant rise in Gold prices, has it reached an overbought state and will it experience a corrective decline? FXStreet's Chief Analyst analyzes the technical outlook for Gold.
On Thursday during the Asian market, spot Gold has retreated somewhat after a significant surge yesterday, with the price currently around 2709 dollars per ounce. FXStreet's Chief Analyst Valeria Bednarik noted that technical indicators on the 4-hour chart show that Gold has reached overbought conditions, but there are no conclusive signs indicating an imminent corrective decline.
Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.
Goldman Sachs believes that the West looks at the Federal Reserve, expecting a rate cut of 125 basis points by the end of next year will boost Gold prices by 7%; the East looks at central banks, where a strong dollar will not stop central banks from purchasing Gold, with expectations that by the end of 2025, central bank purchases will increase Gold prices by 9%.
The reason for the gold price surge of 24 dollars has been found! A major news update from Russia and Ukraine, how to Trade Gold?
On Wednesday, due to the significant increase in the likelihood of the Federal Reserve lowering interest rates next week after the USA CPI data was released, Gold prices soared. The CME's "FedWatch" tool indicates that traders expect a 95% chance of a 25 basis point rate cut at the Federal Reserve meeting on December 17-18, up from a markedly lower 86% before the CPI data was released.
Will gold continue to shine next year? Goldman Sachs is listed as one of the “three major catalysts”: see you at $3,000!
① Goldman Sachs expects the price of gold to rise 11% to $3,000 per ounce by the end of 2025; ② Goldman Sachs believes that interest rate cuts by the Federal Reserve, increased gold purchases by central banks, and rising geopolitical uncertainty are the three major factors driving the price of gold higher.
Gold Holds Four-Day Climb as US Data Reinforce Rate-Cut Outlook
The gold price has once again broken through 2700 dollars during the session! Wall Street is bullish, and will the Gold ETF likely take off accordingly?
Recently, Morgan Stanley released the 2025 Commodity Outlook report, stating that Gold remains the "best choice" for hedging uncertainties, expecting the price to rise to $3000 per ounce next year, with an average of $2950 per ounce by the fourth quarter.
A major Gold market trend is about to break out! The USA CPI is coming, and FXStreet Analyst provides the latest trading analysis on Gold prices.
On Wednesday morning in the European market, spot Gold traded around $2,693 per ounce; during the Asian session, the gold price briefly broke through the $2,700 per ounce level. FXStreet Senior Analyst Dhwani Mehta pointed out that from a technical perspective, gold prices have broken through the moving average, and the Relative Strength Index (RSI) indicates a Call.
What is going on?! Gold prices have surged nearly 34 dollars due to significant data from the USA. How to trade Gold?
On Tuesday, due to the intensifying geopolitical tensions and strong expectations for the Federal Reserve to cut interest rates next week, Gold prices surged nearly $34, reaching a two-week high. Peter Grant, Vice President and Senior Metal strategist at Zaner Metals, stated: "The escalating tensions in the Middle East have heightened market concerns, thereby promoting safe-haven Bids."
Gold Price Nears $2,700 as Rate Cut Expectations Fuel Rally
Is the pullback or the right time to jump in? Gold prices have soared this year! Major banks predict it will hit the 3,000-dollar mark next year.
In the past two years, going long on Gold can be said to be one of the hottest Trade varieties in the market, with a cumulative increase of nearly 50% in spot Gold prices. This year, under the catalysis of a series of events, the spot Gold price even reached a historically high price of $2788.5 per ounce on October 30.
Bank of America: In the second half of next year, gold will reach 3000 dollars!
The analyst at Bank of America stated that the growing usa deficit poses a significant risk to the trend of de-dollarization, with market expectations that central banks around the world will continue to buy gold and support its price.
Gold Prices Rise as Geopolitics, Wall St Losses Fuel Haven Demand
Gold prices have surged sharply in the short term! The price of gold has just broken through 2,670 dollars. FXStreet's chief analyst analyzes the technical outlook for gold.
On Tuesday during the Asian market, spot gold suddenly surged rapidly, with the gold price just breaking through the 2670 USD/ounce mark, rising over 10 USD within the day. FXStreet's chief analyst Valeria Bednarik stated that gold prices are regaining a call trend and are expected to continue rising in the short term.
The outlook for interest rate cuts by the Federal Reserve has suddenly changed! Gold prices soared by 27 dollars. How to trade gold in response to this "major event"?
The main driving force was the China central bank's resumption of gold purchases after a six-month hiatus, combined with significantly enhanced market expectations for a Federal Reserve interest rate cut next week, further boosting bullish sentiment. On Monday, gold prices hit a two-week high. The market anticipates an 87% likelihood of a 25 basis point rate cut by the Federal Reserve next week, up from less than 70% last week.
Gold Holds Advance Before US Data That May Shape Fed Rate Move
Morgan Stanley's outlook for the 2025 bulk market: gold is the preferred hedge aiming for 3000 dollars, demand supports a V-shaped rebound in industrial metals, and crude oil product continues to fall due to oversupply.
Morgan Stanley forecasts that gold prices will rise to 3,000 dollars per ounce next year, considering potential deficit expansion, silver and platinum may rise to 38 dollars per ounce and 1,200 dollars per ounce respectively. The crude oil market is expected to shift from this year's supply-demand balance to a surplus of 1.3 million barrels per day, with Brent and WTI crude oil prices expected to drop to 70 dollars and 64 dollars respectively by the end of next year.
Gold has surged explosively, and silver has quickly followed suit! What is going on?
China's central bank resumes gold purchases, expectations for the Federal Reserve to lower interest rates in December have risen, and the situation in Syria has sparked demand for safe-haven assets, indicating that the fundamentals for gold are in a favorable environment...
Gold prices soared to over $2,650! Bloomberg: The reason for the sudden surge in gold prices is here.
During the Asian trade session on Monday, spot gold rose significantly, with prices reaching a high of $2650.62 per ounce in the Asian market. Currently, gold is trading at $2643 per ounce, an increase of $10 for the day. Bloomberg pointed out that the central bank of china increased its gold reserves for the first time in seven months, and the rapid collapse of the Syrian government further destabilized the Middle East, both of which contributed to the rise in gold prices on Monday.
Gold market surged! The price of gold plummeted by $20 from the daily high. Looking at the technical prospects of gold with two pictures. How can investors profit and settle?
On Monday morning in the Asian market, spot gold suddenly plummeted, dropping $20 from an earlier daily high, now around $2,628 per ounce. Analyst Nicholas Kitonyi from the renowned financial website FXDailyReport stated that from a technical perspective, according to the 60-minute chart, the price of gold is trading within a downward channel.