USA's rush for Gold has created an 'economic panic'?

Goldman Sachs pointed out that in January, the gold import amount was about 25 billion USD, almost accounting for the entire expansion of the USA trade deficit of 31 billion USD, which has a significant distorting effect on trade data and leads the market to be not bullish on the first quarter GDP growth. Moreover, this portion of imports is usually excluded from GDP calculations, so there is no need for the market to be overly pessimistic.

wallstreetcn04:27 ET

Trump Plans Fort Knox Gold Inspection As Prices Soar Past $2,940: 'If The Gold Isn't There...'

BenzingaFeb 21 03:53 ET

“One in, one out”! It is hard to find a piece at the Shenzhen Shuibei Gold Market. Are young people fascinated by goldsmithing?

① Nezha 2 is a huge hit, and merchandise gold jewelry has been sold out in the Shuibei market. ② Gold prices have surged, and combined with high gold prices in branded retail stores, young people are fascinated by gold crafting. ③ Gold prices have reached a new high, and analysts are Bullish on the long-term trend.

cls.cnFeb 19 09:27 ET

Since the USA election, both the USA and China have been competing for Gold.

Recently, China has seen a rebound in demand for Gold, primarily driven by purchases from the central bank. Since the US elections, demand for Gold in the USA has surged, leading to a premium on US Gold prices due to tariff expectations, and in the past two months, a large amount of Gold has been transferred from Global reserves and bullion Banks to the USA.

wallstreetcnFeb 18 23:04 ET

Gold will continue to shine this year! UBS Group has raised its gold price target to 3,200 dollars by the end of the year.

① Due to an "unprecedented market dislocation" in the Gold market, UBS Group expects that gold prices will climb to $3,200 later this year and stabilize around $3,000 by the end of the year. ② Affected by tariff uncertainties, concerns over stagflation, and ongoing global conflicts, gold is viewed as a safe-haven asset.

cls.cnFeb 18 09:12 ET

The central bank's demand is strong, Goldman Sachs has raised the Target Price for Gold, aiming for 3100 dollars!

Goldman Sachs believes that rising concerns over inflation and fiscal risks may drive central banks to purchase more Gold, especially those holding a large amount of U.S. Treasury bonds. Compounded by increasing worries over Trump's destructive tariff policies, Goldman Sachs has raised the year-end Target Price to $3,100, stating, “If economic policy uncertainty persists, increased speculative positions may drive Gold prices soaring to $3,300.”

wallstreetcnFeb 18 01:51 ET