On the eve of the September interest rate meeting, a report ignited expectations of a 50 basis point interest rate cut, causing stocks, gold, and bitcoin to all rise.

"New Federal Reserve Communications Agency" article stated that Federal Reserve officials are considering whether to cut 25 or 50 basis points. Futures linked to the Federal Reserve's policy rate indicate that traders on Friday expect the probability of a 50 basis point rate cut by the Federal Reserve to rise to 47%, with a close to 50/50 chance, while the probability estimated on Thursday was only 28%.

wallstreetcnSep 13 22:59 ET

Gold hits a new high, is it trading on the US election cycle? CitiBank: Expected to reach $3000 next year!

The spot gold price has reached new highs in recent days, with prices breaking through $2,580 per ounce in early trading on Friday, and New York gold futures surpassing $2,600 per ounce, both reaching historical highs. Spot gold is expected to have its best performance since 2020, with a year-to-date increase of over 24%. Citibank analysts say that due to the loose monetary policies of major central banks and the tense situation of the US presidential election, the price of gold is expected to reach $3,000 next year. Data shows that gold prices have soared during the terms of the recent several US presidents, starting from the time the new president takes office.

wallstreetcnSep 13 11:41 ET

Breaking through 2580! The market is experiencing a "golden tsunami", and the expectation of interest rate cuts is the strongest driving force.

①Spot gold prices strengthened by more than $20 in the short term, hitting a high of $2583.36 per ounce, setting a new historical high; ②Traders have raised the probability of the Federal Reserve cutting interest rates by 50 basis points next week from 14% yesterday to 41%. Former New York Fed President Dudley said during the day, "The reasons for cutting 50 basis points are very sufficient."

cls.cnSep 13 11:07 ET

Gold Sets A New Record As Prices Rise Higher

BenzingaSep 13 09:44 ET

"Buy more as it falls!" Traders take advantage of the price drop to stock up, and the nickel industry may enter a phase of bottoming out | New cycle of csi commodity equity index

1. Some traders have indicated that the nickel price has already dropped to the psychological bottom range, and they are beginning to stock up on low stock price; 2. Currently, high-cost nickel production capacity is gradually being cleared out globally; 3. The future nickel price has limited downside potential, and may experience a phase of bottoming out.

cls.cnSep 13 03:30 ET

Jeff Currie, a veteran of the commodity for 30 years, believes that the current copper price has a range of 8500 at the bottom and 9500 at the top. Whether it can break through this range depends crucially on china.

Currie said in mid-May that copper was the most attractive trade he had seen in his 30-year career, but three and a half months later, the copper price on the London Metal Exchange fell below $9,000 per ton. Currie believes that the current decline in copper prices is mainly due to the simultaneous increase in copper inventories in Asia and copper exports from China.

wallstreetcnSep 5 02:29 ET