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Gold Rally Gains Traction, Next Stop US$2,900?
Hong Kong stocks Concept tracking | International gold prices hit new highs! The prices of solid gold jewelry are rising as well. Institutions: There is still room for growth in the medium to long term (with related stocks attached).
The relevant analysis indicates that the main reasons for the rise in Gold include the decrease in USA CPI data, the increase in M2 MMF supply, the uncertainty of Trump's policies, expectations for interest rate cuts by the Federal Reserve, technical support, and Global economic uncertainty.
Hong Kong stocks movement | Golden Industrial Concept strengthened in the afternoon as market risk aversion sentiment quickly increased, and the logic behind rising gold prices remains unchanged.
The Golden Industrial Concept strengthened in the afternoon. As of the time of writing, LINGBAO GOLD (03330) is up 14.58%, priced at 4.95 HKD; SD GOLD (01787) rose 3.43%, priced at 14.8 HKD; ZHAOJIN MINING (01818) increased 2.95%, priced at 12.58 HKD; CHINAGOLDINTL (02099) is up 1.15%, priced at 43.9 HKD.
Bullish Sentiment Intact For COMEX Gold
DWS: The likelihood of a continued strong rise in the U.S. stock market in 2025 is low, and Gold is expected to fluctuate within a narrow range.
DWS, a German Asset Management company, has released its market outlook for January 2025.
The stock prices of the Golden Industrial Concept are rising; ZHAOJIN MINING (01818) is up by 2.64%. According to CICC, gold prices may exceed $3,000 per ounce by 2025.
Jinwu Financial News | Some stock prices of the Golden Industrial Concept rose, CHI SILVER GP (00815) increased by 11.76%, ZHAOJIN MINING (01818) rose by 2.64%, Zijin Mining Group (02899) gained 1.48%, and CHINAGOLDINTL (02099) climbed by 1.15%. Overnight international gold prices increased, with the number of first-time unemployment claims in the USA exceeding expectations, coupled with a weaker dollar, which enhanced the attractiveness of gold. New York futures gold closed at $2750.9 per ounce, up 1.2%. CICC's Research Reports state that looking ahead to 2025, gold prices may still be in a bullish market channel, potentially breaking through $3000 in 2025.
