Israel-Palestine Conflict
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Gold is advancing rapidly, with analysts shouting a target price of $3000. How should one follow up on investment at the moment? Experts remind to pay attention to channel risks.
1. UBS Group analysts predict that the price of gold will reach $2800 per ounce by the end of the year, with the potential to hit $3000 per ounce by the end of next year; 2. Investing in gold requires attention to channel risks, choose channels for selling and repurchasing gold that are smooth and secure for gold investment; 3. When buying gold, do not speculate on short-term fluctuations with a speculative mindset, do not treat buying gold as "speculating on gold" or "speculating in stocks".
Wall Street's expectations are consistent: gold is expected to reach $3,000!
Bank of America believes that gold is the best hedging asset. Goldman Sachs pointed out that since the outbreak of the Russia-Ukraine conflict, global central banks' demand for gold has quadrupled. Morgan Stanley believes that the influence of gold ETFs, central banks, and individual investors on gold prices in the futures market continues to grow. Citigroup also pointed out that currently, the overall gold investment demand from both public and private sectors remains at historical highs, putting upward pressure on gold prices.
Will Iran launch attacks against usa before the US election? The international oil market responds by rising again.
①According to sources, Israeli intelligence indicates that Iran will launch attacks on Israel through its proxies in Iraq, expected to occur before the US presidential election; ②The international oil market rose again under this news impact. After Thursday settlement, WTI futures prices rose more than 3%, Brent crude oil futures prices rose more than 2%.
PetroChina Reports 9M Results
"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
Next year, aiming for $3000! Goldman Sachs raises its gold price target, stating that central bank demand expectations have quadrupled.
Goldman Sachs stated that gold is more popular when interest rates are cut; concerns about financial sanctions risks are driving central banks to buy gold, with the focus shifting to the US presidential election, Western investors are returning to the gold market; even by the end of next year, the central bank's gold buying pace will slow to 30 tons per month, only one-third of the monthly average size since 2022, and the gold price will rise by another 9% by the end of the year.
Behind the sharp drop in oil prices, jpmorgan's "confusion": where did the sudden emergence of 45 million barrels of oil in the market come from?
JPMorgan believes that global crude oil inventories are underestimated as a key factor. The additional inventories may be stored in underground facilities, causing satellite monitoring companies to be unable to accurately track specific changes. Oil industry authority Ilia Bouchouev stated that when estimating crude oil supply and demand data, investors are like groping in the dark, making it difficult to obtain accurate results.
The 'Shining Journey' of gold continues: global demand totals over 100 billion US dollars in Q3 for the first time!
1. The World Gold Council stated that due to the record high gold prices in the third quarter of this year, the total amount of gold demand in terms of US dollars exceeded 100 billion dollars for the first time; 2. From July to September, the total global gold demand, including over-the-counter (OTC) investments, was 1,313 tons, a 5% year-on-year increase.
Most Asia-Pacific stock indices fell, comex gold futures broke through $2,800, spot gold hit a new high.
Economic and geopolitical uncertainties are driving the price of gold higher. comex gold futures broke above $2800 per ounce, up 0.7% intraday. Spot gold has reached a new high, currently trading at $2787.30.
International oil prices plummeted sharply in the short term! Hong Kong petroleum stocks weakened against the trend, with the three major oil companies falling more than 2%.
①International oil prices plummeted in the short term, how is the medium to long-term market outlook? ②Hong Kong petroleum stocks weakened against the trend, what risks should be particularly noted?
Oil price decline dragging down, Sinopec's Q3 net profit plummeted by 52.1% year-on-year, CNOOC's revenue declined. | Financial Report Insights
Sinopec's net income in the third quarter dropped significantly, greatly reducing inventory income year-on-year due to the rapid decline in oil prices, as well as a slight narrowing of refining product gross profit; CNOOC's revenue declined year-on-year, but net production and net income increased significantly year-on-year, with significant cost advantages.
Why is the 'shining journey' of gold said to be not over yet? Read this article to understand.
①Last week, gold prices hit a record high; ②The decline in interest rates and the escalation of geopolitical tensions have increased the attractiveness of gold as a safe-haven asset.
Oil prices plummeted at the opening! Israeli airstrikes did not target Iranian energy and nuclear facilities, the market is relieved.
①Although Israel launched a new round of airstrikes against Iran over the weekend, the apprehension of market investors was instead relieved at the beginning of this week; ②Because Israel's targets did not include Iran's energy and nuclear facilities, this led to a significant drop in crude oil prices on Monday, and safe-haven asset gold also experienced a slight pullback...
In the gold bull market, the amount of gold in the banks' financial market is rapidly increasing. There are 89 products on the market, with 34 awaiting sale. Industry insiders admit they were 'late to the game.'
①Currently, there have been a series of financial products linked to gold or with gold assets launched by China Post Financial, CMB Financial, Everbright Financial, Ping An Financial, and others. ② Among them, only CMB Financial institution has released at least 34 gold-linked financial products this year, with 9 released just last month. ③ Although the price of gold is currently strong, how to control the downside risk of gold-linked financial products is also a key concern for various financial institutions.
Gold prices have been skyrocketing! The world's largest gold producer has announced its best quarterly performance in five years.
①Due to the soaring gold price, the world's largest gold producer, Newmont, announced its best quarterly performance in five years; ②Newmont's performance report released on Wednesday showed that the third-quarter net income attributable to shareholders was 0.922 billion US dollars, nearly six times that of the same period last year.
Zijin Mining Group Reports 9M Results
Zijin Mining Group: It is expected that the second phase of the Julong Copper Mine will start trial production in the first quarter of 2026, with annual copper production expected to exceed 0.3 million tons | Directly impacting the earnings conference
1. Longfeng Copper Mine Phase II Expansion Project is expected to achieve trial production in the first quarter of 2026; 2. After the completion of the expansion of Phase II, the annual copper production will exceed 0.3 million tons; 3. The company stated that the downward trend in lithium prices will continue in the short term.
Middle East oil production is recovering, and Saudi Arabia's economic growth rate is expected to soar in 2025.
①According to a survey, economists generally believe that Saudi Arabia's economic growth will accelerate in 2025 benefiting from the increase in oil production; ② The survey expects Saudi Arabia's economy to grow by 4.4% in 2025, higher than the expected 1.3% this year, the fastest growth rate in three years; ③ In addition, the economic growth of other GCC member countries will also be strong, with the UAE becoming the fastest-growing country in the region.
Gold On Track For Best Year Since 1979: Veteran Investor Says 'Sell Bonds, Buy Gold'
Bullish atmosphere in gold! UBS Group: Next target is $2900, any pullback will be 'short-lived'.
UBS Group indicates that the current call sentiment is strong, while bearish sentiment is absent, and there is still room for gold allocation to rise, which is expected to further drive the gold price higher. Looking ahead, a recession in the USA is the most favorable scenario for gold, while global central banks prematurely easing leading to an economic 'hard landing' will be the most bearish scenario for gold.