No Data
No Data
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Direct hit on anomaly: Non-ferrous stocks fell in the morning, with cooling expectations for the Federal Reserve's interest rate cut.
On July 19th, $Nonferrous metals(BK1312.HK)$ fell in the morning session. As of press time, $Lingbao Gold(03330.HK)$ fell by 8.58%, to HKD 3.41; $Zhaojin Mining(01818.HK)$ fell by 7.49%, to HKD 14.82; $SD Gold(01787.HK)$ fell by 5.32%, to HKD 17.08; $Zijin Mining Group(02899.HK)$ fell by 4.25%, to HKD 16.24. Source: Futubull. On the news front, the President of the European Central Bank announced the content of the interest rate resolution and announced the maintenance of interest rates.
Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts
Gold prices have been on an upward trajectory, driven by mounting expectations for Federal Reserve rate cuts and increased bets on Donald Trump's re-election.
Hong Kong stocks fluctuate | Golden industrial concept bottomed out and rebounded Lingbao Gold (03330) rose more than 3%, spot gold re-stood at the $2470 mark.
Golden industrial concept rebounds after hitting bottom. As of press time, Lingbao Gold (03330) rose 3.33% to HKD 3.72, Zhaojin Mining (01818) rose 2.16% to HKD 16.06, and SD Gold (01787) rose 1.01% to HKD 18.
WiseStock Hong Kong Stock Analysis | Market sentiment is good due to Trump's words and actions, with expectations for acquisitions of innovative drugs.
Capital markets are no exception, quickly switching to Trump's victory mode. His every word and move affects the market's emotions.
Crazy Gold: The price of gold returns to the "7" level, with many companies reporting profit growth.
Looking ahead, there is high certainty of continued strong performance for the gold market, which presents an opportunity for valuation repairs in the sector.
No Data