Breaking through 2580! The market is experiencing a "golden tsunami", and the expectation of interest rate cuts is the strongest driving force.
①Spot gold prices strengthened by more than $20 in the short term, hitting a high of $2583.36 per ounce, setting a new historical high; ②Traders have raised the probability of the Federal Reserve cutting interest rates by 50 basis points next week from 14% yesterday to 41%. Former New York Fed President Dudley said during the day, "The reasons for cutting 50 basis points are very sufficient."
Gold Sets A New Record As Prices Rise Higher
A new milestone is bound to be set! The gold bulls firmly believe that the price of gold will rise to $3000.
With the global major central banks easing monetary policy and intense competition in the US presidential election, the gold bulls are firmly bullish on the price of gold, which is expected to soar to a new record and is projected to reach the milestone of $3000 per ounce.
Fed to Be the Focus of the Gold Market Next Week – Commerzbank
Gold Gets Lift as Media Revives Debate Over Fed Rate Cuts
Gold Miners ETF Expects Continuation of Bullish Trend [Video]
Gold Marks Fresh Record High as Inflation Data 'Set the Stage' for Fed Rate Cut
Gold Climbs to a Record as US Data Bolster Fed Rate Cut Case
Gold Futures End Higher, Buoyed By Expectations Surrounding US CPI Data
Citic Securities: The stability of metal profits has significantly increased and the level of sector dividends continues to rise.
In the first half of 2024, the profit situation of metal companies improved significantly compared to 2023, but with the major metal prices surging and then falling back in Q2 2024, the metal sector experienced a significant pullback.
Gold: A Break Below $2,490 Could Catalyze Selling Spree – TDS
Gold Trades Around $2,500 as 50 Bps Rate Cut Bets Dwindle
When will the gold mine emerge? When will the market adjustment end? Can this week's CPI reverse the situation?
In the current market, both bitcoin and ethereum are at a crucial juncture. Market sentiment is low, investors are cautious, and the uncertainty of the Fed's policy has added complexity to future trends. However, in this turbulence, there are also opportunities.
5 Key Ratios Indicate Proper Gold Mining Macro Is Taking a Big Step Forward
Gold Positioning Is Extreme – TDS
This Central Bank Is Likely to Remain a Major Buyer in the Gold Market
Gold: Positioning Dynamics Is at Extreme Levels – TDS
Gold ETFs Saw Inflows for Fourth Consecutive Month on Persistent Western Demand
Gold Looks Supported by Demand From Central Banks, Market Turbulence – NAB
Gold Prices Come Under Pressure – TDS