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Direxion Daily Junior Gold Miners Index Bear 2X Shares Newsroom
Powell Doves + Middle East Tensions Gold Sets New Historic High on Wednesday's Closing.
The most active gold futures in trade rose on Wednesday and reached a historic high at the close, due to the increased tensions in the Middle East and the signal of a rate cut from the Federal Reserve.
Northeast Securities: Interest rate reduction transactions are nearing the end, with short-term fluctuations in gold prices and long-term value configuration highlights.
In the short term, interest rate cuts still have some trade value, but they are also nearing the end. Before the market finds new trading directions, there may be a stage of logic vacuum. At the same time, Harris' candidacy may add uncertainty to the election, thereby affecting Trump's trade. The short-term volatility of gold prices may increase.
Middle East tensions have triggered a safe-haven demand, and gold has surged to nearly historical highs at $2400.
Boosted by safe-haven demand, gold futures soared on Tuesday.
Sharp Rise in Demand for Gold in India After Tax Cut – Commerzbank
World Gold Council: Q2 gold jewelry consumer demand in China decreased by 18% year-on-year, but investment demand remains strong.
Due to the skyrocketing gold prices and economic slowdown, China's jewelry demand in the second quarter of 2024 hit a new low at the same period since 2009, only 86 tons; China's gold jewelry consumption in the first half of the year also decreased by 18% year-on-year, to 270 tons.
Gold Lacks Momentum as Fed Meeting Looms
Gold Upside Forecast Could Hit US$2,600
Gold Rises as Treasury Yields Weaken Ahead of This Week's Fed Meeting
"Victory" over the US Dollar! MLIV Pulse survey: Gold is the best "Trump trade".
According to the latest MLIV Pulse survey, gold is the best hedge investment portfolio if Trump wins the election again.
Gold Price Set for Record High in Second Half of Year
Gold: Easy Come, Easy Go – Commerzbank
The market continues to digest the prospect of the US presidential election after Biden withdrew, and gold has fallen below $2400.
Due to traders weighing the decision of U.S. President Biden's withdrawal from re-election and what this means for the chance of Trump returning to the White House, the price of gold has slightly declined.
Gold: Positioning Risks Skewed to the Downside – TDS
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
Does the Rally in Gold Still Have Room to Run? – TDS
Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts
Rate Cut Bets vs. Trump Trades: Key Assets to Watch in the Hottest Trades Now
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
The probability of interest rate cuts in September is 100%! International gold prices have soared to a new high. Analysts believe it will soon challenge $2500.
Will it continue to ramp up?
Watch These Important Gold Price Levels As Metal Hits Record High