Goldman Sachs: For every 10% drop in gold price, physical gold demand in China rises 16%, and gold prices are expected to remain at 2700 next year.
Goldman Sachs believes that physical gold demand still dominates the Chinese market, and Chinese consumers may play a key role in pushing up gold prices. There is still more than 12% room for gold prices to rise next year, and expectations of a Fed rate cut and demand from central banks around the world will also help boost gold prices.
NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
"Continued Deterioration"! Goldman Sachs warns that overcapacity will depress copper prices in the short term
Goldman Sachs analysts pointed out that China's exports of cathode copper hit a new high in June, but inventories increased and there was a headwind on the demand side. At the same time, the increase in supply in Africa, the supply growth of Congo and Zambia has been underestimated.
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Direct hit on anomaly: Non-ferrous stocks fell in the morning, with cooling expectations for the Federal Reserve's interest rate cut.
On July 19th, $Nonferrous metals(BK1312.HK)$ fell in the morning session. As of press time, $Lingbao Gold(03330.HK)$ fell by 8.58%, to HKD 3.41; $Zhaojin Mining(01818.HK)$ fell by 7.49%, to HKD 14.82; $SD Gold(01787.HK)$ fell by 5.32%, to HKD 17.08; $Zijin Mining Group(02899.HK)$ fell by 4.25%, to HKD 16.24. Source: Futubull. On the news front, the President of the European Central Bank announced the content of the interest rate resolution and announced the maintenance of interest rates.
Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts