Commodity Roundup: UBS Remains Bullish on Gold, Oil Prices Extend Gains
Wall Street's expectations are consistent: gold is expected to reach $3,000!
Bank of America believes that gold is the best hedging asset. Goldman Sachs pointed out that since the outbreak of the Russia-Ukraine conflict, global central banks' demand for gold has quadrupled. Morgan Stanley believes that the influence of gold ETFs, central banks, and individual investors on gold prices in the futures market continues to grow. Citigroup also pointed out that currently, the overall gold investment demand from both public and private sectors remains at historical highs, putting upward pressure on gold prices.
Gold Suffers Sharp Pullback as Profit-takers Move in After Record Rally
Gold Could Surge to $2,900/oz by the End of 2025 - Wells Fargo
"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
Gold soared 34% to a new high this year! Experts warn: usa may face a deep pullback after the presidential election.
On the eve of the USA election, the gold price continues to hit a historical high.
