Metals Commodities, Related Stocks Plunge as Global Market Turmoil Spreads
Gold Dips on Weak U.S. Jobs Report but Analysts See More Record Highs Ahead
Gold Taps Fresh All-time Highs as Weak U.S. Jobs Data Raise Recession Fears
Gold Hits Fresh Record, Topping $2,500 an Ounce
Is gold hedging an asset or a liability?
Looking to the future, if the price of gold continues to rise, a significant portion of the current total hedge position will become a liability for the company. Rolling over or settling some or all hedge contracts will become a more common phenomenon.
Debon Securities: Interest rate cut expectations boost gold price prospects to $2,600.
The estimated price for gold in the first quarter of 2024 is expected to be $2694.3 per ounce. As the calculation process of gold prices involves variables that change relatively slowly in the short term, the current price target for gold can still be referenced at $2600 per ounce.