Global Gold Demand Hits Record in Q2 As Investors Push Price Higher
Top Three US Election Gold Trading Tips [Video]
Buyers buy gold at low prices, and the premium of Asian gold is getting stronger.
This week, gold demand in India has risen due to the fall in gold prices, while the gold premium in China has strengthened due to some bid orders for safe-havens.
Can Gold Maintain Its Near Record High Price Through August?
The rising international gold price drives up the golden industrial concept, and Zijin Mining Group (02899) rose by 4.02%.
Jinwu Financial News | Golden industrial concept collectively rose, Zijin Mining Group (02899) rose 4.02%, Lingbao Gold (03330) rose 3.94%, Chinagoldintl (02099) rose 3.92%, Zhaojin Mining (01818) rose 3.47%, SD Gold (01787) rose 2.08%. On the news front, the high-frequency unemployment data in the United States eased recession sentiment and the price of gold rebounded significantly. Overnight, NYMEX gold futures closed at $2463.3 per ounce, up $30.9, or about 1.3%.
Hong Kong stocks abnormal change | Golden industrial concept rises collectively, initial claims data eases worries of recession, Middle East geopolitical situation remains tense.
Golden industrial concept collectively rises. As of writing, Lingbao Gold (03330) rose 3.94%, at HKD 3.43; Zhaojin Mining (01818) rose 3.79%, at HKD 13.16; Zijin Mining Group (02899) rose 3.61%, at HKD 15.48.
Gold: Long Liquidations to Weigh on Prices – TDS
Golden industrial concept is under pressure as Zhaojin Mining (01818) falls by 3.77%. The central bank has suspended shareholding in gold for three consecutive months.
Jingu Caixun | Golden industrial concept collectively under pressure, Zhaojin Mining (01818) fell 3.77%, SD Gold (01787) fell 3.43%, China Gold International (02099) fell 2.75%, Zijin Mining Group (02899) fell 1.59%, Lingbao Gold (03330) fell 1.51%. In terms of news, data released by the central bank shows that the central bank's gold reserves were 72.8 million ounces at the end of July, unchanged for three consecutive months. The central bank ended its 18-month gold buying action in May. In addition, the World Gold Council previously stated that in the second quarter of this year compared to the first quarter,
Gold: CTAs Return to the Offer in Gold Markets – TDS
Latest release! Forex reserves increased by 34 billion US dollars in July, and the central bank has suspended gold purchases for three consecutive months.
Affected by macroeconomic data, monetary policy and expectations of major economies, the scale of foreign exchange reserves rose in July 2024, and the People's Bank of China suspended its shareholding of gold for the third consecutive month.
Bullish Momentum On Gold Takes A Long Pause
Huayuan Securities: Continuous bullish on gold sector configuration opportunities under resonance of new and old paradigms and expectations of interest rate cuts.
The new paradigm framework is about to emerge, with strong purchases of gold by the central bank, increasing supply of US currency, and changes in geopolitical situation, the long-term center of gold is expected to continue to rise.
GF Sec: Gold is expected to continue to hit new highs in August, while basic metals are expected to stop falling and rebound.
Global actual demand for basic metals in July remains weak, with strengthening trade due to expectations of recession causing a fall in basic metal prices. The expectation of interest rate cuts in the USA is high, and gold prices may continue to fluctuate upward.
Northeast Securities: Recessionary trading is expected to drive gold prices to continue to rise, with limited copper price declines.
As interest rates decline and trading shifts from recession to decline, the price of gold is expected to continue to strengthen. In the long term, against the backdrop of global currency devaluation, geopolitical conflicts, and economic uncertainty, the value of gold allocation is highlighted.
Gold: A Revisit of the $2400/oz Range Can Spark a Sell-off – TDS
Kaiyuan Securities: In the declining trading stage, the winning rate is king. In August, gold is expected to have a leading relative return.
At the beginning of the year, it was believed that gold and copper allocation would be throughout 2024, but in the early stage of interest rate cut in the second half of the year, it may be necessary to choose the direction of recession trade or second inflation trade.
Gold Price Holds Steady Above $2,400 Mark Amid Mixed Fundamental Cues
Gold: An Acute Risk of a Widespread Deleveraging Event – TDS
Zhaojin Mining (01818): "23 Zhaojin 01" will pay interest on August 10th.
Zhaojin Mining (01818) has announced that Zhaojin Mining Co., Ltd. will issue bonds for professional institutions in 2023...
Gold Taps Fresh All-time Highs as Weak U.S. Jobs Data Raise Recession Fears
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