European Markets Slightly Higher, Led by Defense Stocks
Ahead Of GameStop's Bitcoin Purchase Plans, BlackRock, Morgan Stanley, Goldman Sachs, And Other Billion Dollar Funds Load Up On GME Stock In Q4
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.
UK's Unemployment Rate Steady at 4.4%
Survey: Retail investors have never been so pessimistic about the U.S. stock market in over a year.
According to the latest survey by the USA Individual Investor Association, during the week ending February 12, the bearish sentiment among retail investors (measured by the percentage expecting stock prices to fall over the next six months) reached 47.3%; this is the highest level since November 2023.
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.”