Express News | FTSE China A50 Index Futures Surge Over 1%; Pinduoduo Nearly 5% Premarket

Moomoo 24/718minutes ago

"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."

①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.

cls.cn04:49 ET

Express News | HK’s Hang Seng Index Closes Down 0.4% at 19,688.29 Points

Reuters03:08 ET

Goldman Sachs has changed its mind! It has lowered the Target Price for Gold and no longer expects it to reach 3000 USD by the end of the year.

Goldman Sachs pointed out that the slowdown in the USA's monetary policy easing in 2025 will suppress the demand for Gold ETFs. Therefore, it is expected that the gold price will reach $2910 per ounce by the end of this year, rather than the previously anticipated $3000 per ounce. Goldman Sachs also expects the gold price to reach $3000 per ounce by mid-2026 as the Federal Reserve continues to cut interest rates.

wallstreetcn01:23 ET

Hong Kong stock market midday review | Hang Seng Index fell by 0.27%, and the stock prices of Against Influenza virus medications rose.

The high incidence of influenza has driven up the sales of medications such as Oseltamivir.

Zhitong Finance23:00 ET

Express News | HK’s Hang Seng Index to Open up 0.5% at 19,848.71 Points

Reuters20:20 ET