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Gold Set to Trade Near Current $2,500 by Year-end – Commerzbank
Analysts predict that the gold price will break through the $3,000 mark next year. This week, Powell's signal for interest rate cuts may cause a "huge earthquake" in the gold price.
The strong performance of gold futures prices in recent times has undoubtedly become a major focus of the financial market.
Gold Nears Record Highs Amid Geopolitical Uncertainty And Fed Speculations
Gold prices continue to break records, and bullish sentiment remains high. Major banks predict that it may reach 3,000 next year.
Sabrin Chowdhury, the head of BMI commodity analysis, said "2024 is expected to be a year when gold sets multiple new highs", emphasizing the appeal of gold as a safe haven asset. Citigroup analysts predict a target price of $3,000 per ounce by mid-2025, with an average price expected to be $2,550 in the fourth quarter of this year.
With gold prices reaching new highs, what trading logic should we focus on? | Moomoo research
Gold Trades Near Historic $2,500 Mark on Fed Rate-cut Optimism
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