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Gold Gains After-hours as Trump's Reciprocal Tariffs Add to Haven Demand
Gold Touches Another Record High Ahead of Fresh U.S. Tariffs
Gold at Risk as US Dollar Defense Could Trigger Reserve Selling
Gold prices continue to soar, and multiple banks have once again raised the minimum purchase point for accumulated gold, with China Everbright Bank raising the threshold to 1,000 yuan.
① China Everbright Bank has adjusted the minimum investment amount for Gold accumulation personal business from 700 yuan to 1000 yuan, an increase of nearly 43%; ② Recently, multiple banks have raised the minimum investment amount for Gold accumulation business, with the adjusted amount now often around 800 yuan; ③ Several banks have stated that they are continuously monitoring changes in the Gold market and will adjust the minimum investment amount for Gold accumulation business as appropriate in the future.
Will gold prices reach 3500 dollars this year? Analysts at UBS Group believe it is unlikely.
① In the first quarter of this year, Gold prices rose strongly, surpassing $3,100; ② Wall Street has raised its expectations for this year's Gold Target Price, with optimists even predicting that Gold prices could soar to $3,500 in the third quarter; ③ UBS Group stated that multiple factors supported the rise in Gold prices, but stronger catalysts are still needed to reach the $3,500 target.
The net Inflow in a single quarter exceeded 19.2 billion dollars! Western investors are also grabbing gold.
Under the boost of risk aversion sentiment, gold prices continued to hit historical highs on Tuesday, with the Gold ETF in the USA attracting over $19.2 billion in the first quarter, setting the largest inflow since the pandemic. In addition, defensive stocks and US and German bonds also performed well.