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Does the Rally in Gold Still Have Room to Run? – TDS
The top ten participants trading in Shanghai Futures Exchange (SHFE) Gold continue to add to their Gold positions, growing their net length towards its highest levels on record, TDS senior commodity strategist Daniel Ghali note.
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
Peripheral gold prices soar, golden industrial concept stocks show strong performance at the beginning of trading, with SD Gold (01787) up 4.42%.
Jingu Finance News | Peripheral gold prices soared, golden industrial concept stocks were strong at the beginning of the trading session, Chi Silver GP (00815) rose 6.25%, SD Gold (01787) rose 4.42%, Lingbao Gold (03330) rose 3.98%, Tongguan Gold (00340) rose 3.92%, Zhaojin Mining (01818) rose nearly 2%. Overnight, peripheral gold prices soared, and Fed officials' comments strengthened the market's expectations of a rate cut in September. Investors poured funds into gold as a safe-haven asset, and international gold prices rose. New York gold futures closed at $2,467.8 per ounce, up 1.6%. Ping An Securities said that assets in the United States
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
China Securities Co., Ltd.: the US interest rate cut boosts the prices of precious metals and basic metals, and the demand for new quality productivity opens a new era for small metals.
Zhongxin Jiantou Securities released a research report stating that metals and limited-supply non-ferrous commodities have performed well in the first half of the year, mainly reflecting three core logic:
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.
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