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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'.
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.
Anglogold Ashanti Analyst Ratings
The most shining moment in 12 years! Is the "golden age" of silver about to begin?
①With the spot silver price hitting the highest level in nearly 12 years this week, the cumulative increase in the price of this precious metal has reached about 34% so far this year, even overshadowing the historically high gold prices; ②Multiple signs indicate that whether as a store of value or an industrial commodity, the demand for silver has been consistently strong recently.
China stimulates the global csi commodity equity index: London copper 'breaks ten thousand', iron ore 'breaks one hundred'!
In recent trading days, with multiple measures of monetary and fiscal stimulus policies in china, not only has it promoted the soaring of A-share market, but also helped some csi commodity equity index, showing a rebound market like a dragon swinging its tail... On Thursday, LME copper broke through the $10,000 integer mark all the way, Singapore iron ore futures regained the $100 level, and spot silver prices touched a 12-year high!
India's gold demand is expected to remain strong in the coming months as tariffs are lowered during the gold buying season.
①India, the world's second largest gold consumer, recently reduced import tariffs on gold, and with India's traditional festivals and wedding season approaching; ②this will drive continued strong gold purchases in India, with global gold demand expected to remain robust in the coming months.