The two major Block Orders in the Democratic Republic of the Congo have increased production, CMOC Group Limited's 2024 Copper and Cobalt output both increased by over fifty percent year-on-year | Quick Announcement.

① Benefiting from the capacity expansion and increased production of the two major Block Orders mines in the Democratic Republic of the Congo, CMOC Group Limited's main mineral product output achieved overall growth last year; ② Among these, the increases in Copper and Cobalt products were particularly notable, with year-on-year growth rates exceeding fifty percent.

cls.cnJan 6 08:41 ET

Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025

BenzingaJan 6 07:21 ET

"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.cnJan 6 04:49 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.

wallstreetcnJan 6 01:23 ET

As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.

Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.

wallstreetcnJan 3 07:31 ET

Gold Price Surge Pushes Rolex to Raise Prices for Iconic Watches

BenzingaJan 2 11:30 ET