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Stock markets are falling, but will gold rise? International gold price at $2500, with the expectation of Fed rate cuts, the logic of digging "gold" in September may still continue.
Although the rumor that "the stock market is falling and gold is still rising" can be seen as a joke, there are still relatively certain investment opportunities in gold ETFs, but we still need to be cautious of short-term fluctuations, especially when the Federal Reserve cuts interest rates for the first time. In the long term, with global central banks expected to cut interest rates, the expansion of balance sheets is likely to strengthen the monetary attributes of precious metals.
Gold will continue to shine! Goldman Sachs predicts that it will touch $2700 in early next year, based on three major reasons.
Goldman Sachs predicts that by early 2025, the price of gold will reach $2,700 per ounce, an increase of about 8%; ② Since the beginning of this year, the price of gold has risen by 21%, outperforming the S&P 500 index.
Express News | Shares of Precious Metal Companies Are Trading Lower Amid a Drop in the Price of Gold. Weakness in the Commodity May Be Due to August's ISM Manufacturing PMI Data Indicating an Economic Contraction and Pending Non-farm Payrolls Data That May Determine...
Investors Should 'Go for Gold' as Fed Rate Cut Looms, Goldman Says
Gold: Nearly Half of Trend Followers Positions to Be Liquidated – TDS
Gold Is Waiting for the US Jobs Report – Commerzbank