Agnico Eagle Mines Limited (AEM) Is a Trending Stock: Facts to Know Before Betting on It
Spot gold hits another all-time high, with the 'Trump trade' joining the ranks of price drivers.
Spot gold has strengthened, reaching a high of $2,688.82 per ounce, setting a new record since September 26. Analysts believe that in addition to geopolitical tensions, gold prices have also been influenced by the 'Trump trade'.
Gold Price Flirts With Record Peak, Seems Poised to Appreciate Further
Industry experts: Gold prices are expected to rise by around 10% within a year, reaching a new historical high.
①A recent survey shows that industry insiders expect the price of gold to rise by about 10% within a year, and set a new historical high next year; ② Gold is one of the best-performing csi commodity equity index in 2024, hitting consecutive new highs, mainly due to its safe-haven properties and the significant purchases by central banks around the world.
Pointing at $2700? Gold once again approaching historical highs as investors weigh the US election and the Fed interest rate trends.
As investors turn their attention to the upcoming usa election, the gold price approaches a historic high. Polls predict that the competition in the usa election will be very intense in less than three weeks.
Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at some point this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for easing, which further enhances the upward trend of gold. The price of gold is expected to continue to outperform financial fair value by the end of this year, with the largest magnitude since 1998.
