Gold hits another record high! Understanding in one article: Will the price of gold far exceed $3000 under the 'Republican Red Tide'?
①In 2016, the Republican sweep of the election was good for stocks, oil, and the dollar, but very bad for bonds and gold; ② Bank of America's Chief Strategist Hartnett believes that this time the fate between gold and oil may reverse.
Spot gold hits another all-time high, with the 'Trump trade' joining the ranks of price drivers.
Spot gold has strengthened, reaching a high of $2,688.82 per ounce, setting a new record since September 26. Analysts believe that in addition to geopolitical tensions, gold prices have also been influenced by the 'Trump trade'.
Industry experts: Gold prices are expected to rise by around 10% within a year, reaching a new historical high.
①A recent survey shows that industry insiders expect the price of gold to rise by about 10% within a year, and set a new historical high next year; ② Gold is one of the best-performing csi commodity equity index in 2024, hitting consecutive new highs, mainly due to its safe-haven properties and the significant purchases by central banks around the world.
Refusing to callback, far exceeding the model's valuation, Deutsche Bank exclaimed: gold is truly amazingly strong!
Deutsche Bank stated that at some point this year, gold has risen without financial fair value support. Currently, the Federal Reserve still has further room for easing, which further enhances the upward trend of gold. The price of gold is expected to continue to outperform financial fair value by the end of this year, with the largest magnitude since 1998.
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