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Gold Prices Keep Breaking Records in 2024. Central Banks Are Driving the Rally.
Gold hits a new record high, Eu raises smallpox epidemic alert level | Global Market
① S&P, Nasdaq rose for 7 consecutive days, and the three major indexes of US stocks jointly recorded the largest weekly increase this year; ② The Fed's interest rate cut cycle is approaching, and spot gold has historically exceeded $2,500/ounce for the first time; ③ Officials in multiple countries expect that "Iran will postpone retaliation plans" and US Secretary of State flew to the Middle East on Saturday; ④ The EU has raised the monkeypox epidemic alert level, and multiple news have stimulated monkeypox concept stocks to continue rising.
Barrick Gold Options Spot-On: On August 16th, 101.41K Contracts Were Traded, With 1.42 Million Open Interest
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Zacks Investment Ideas Feature Highlights: Barrick Gold, Agnico Eagle Mines, Eldorado Gold and GLD