Gold: Critical Support and Resistance Levels to Watch Ahead of Fed Next Week

Investing.com Dec 13 02:48 ET

Hong Kong stocks fluctuation | The decline of Nonferrous Metals stocks has expanded as the rising dollar pressures the Nonferrous Metals Industry, entering a high volatility phase.

The decline in non-ferrous stocks has widened. As of this report, LINGBAO GOLD (03330) is down 5.42% at 2.79 HKD; GANFENGLITHIUM (01776) is down 4.42% at 21.6 HKD; CMOC Group Limited (03993) is down 4.26% at 5.62 HKD.

Zhitong FinanceDec 13 02:05 ET

Gold prices have plummeted! The World Gold Council: Market growth may slow down in 2025.

What will the future trend be.

Gelonghui FinanceDec 12 20:53 ET

Hong Kong stocks are experiencing fluctuations | Golden Industrial Concept stocks are collectively declining, Precious Metals have sharply plummeted during the trading session, and the World Gold Council expects the gold price increase to slow down next y

The Golden Industrial Concept stocks all fell, as of the time of writing, Zijin Mining Group (02899) dropped 2.69%, trading at 15.2 Hong Kong dollars; LINGBAO GOLD (03330) fell 2.37%, trading at 2.88 Hong Kong dollars; CHINAGOLDINTL (02099) decreased by 1.97%, trading at 39.75 Hong Kong dollars.

Zhitong FinanceDec 12 20:37 ET

ING: Next year, the CSI Commodity Equity Index will experience a "Put year," while Gold will still shine!

① ING expects that the Global situation will put pressure on the Energy and CSI Commodity Equity Index markets, but the outlook for Gold remains bright. ② The report points out that Trump's tariff plans may disrupt the oil, Metal, and Agriculture markets; ③ However, ING predicts that the average Gold price will rise to $2,760 per ounce by 2025, primarily influenced by central bank purchases of Gold and the appeal of Gold as a safe-haven asset.

cls.cnDec 12 04:17 ET

MetalsFocus: It is expected that gold demand in the Middle East will slow down in 2024, and risks will still exist next year.

Recently, MetalsFocus indicated that the average gold price is expected to increase by 23% year-on-year this year, while the gold jewelry Consumer in the region is expected to decrease by 8% year-on-year.

Zhitong FinanceDec 12 01:01 ET