Dao Ming Securities: Should not be bearish on gold, expected to reach $2,700 this quarter!

Bart Melek, head of commodity strategy at Dundee Securities, said that as institutional investors' interest in ETFs, gold, and futures returns increases, the price of gold may rise in the future. He expects the average quarterly price of gold to continue to reach $2475 and reach a high of over $2700 in trading.

FX678 Finance7minutes ago

Gold Drops 2% in 'Typical' Move After Touching Record Highs This Week

Gold futures dropped by more than 2% in Friday dealings, on track to post their first weekly loss in a month in what some analysts see as a "typical" pullback in the wake of the metal's rise to record highs earlier this week.

MarketWatchJul 19 12:24 ET

Gold market analysis: USD bottom rebound, gold price profit-taking adjustment and fall from high position.

Bank of China's Guangdong branch manager Wang Gang said that due to data impact, the US dollar index saw its biggest daily increase since June 13, indirectly forcing a small profit-taking adjustment in gold. At the same time, the European Central Bank kept interest rates unchanged, and its president Lagarde stated that the action in September is "not yet certain," which slightly pressured gold. Although it is currently experiencing some resistance and fallback while refreshing historical highs, it faces certain short-term correction pressures. However, as long as the Federal Reserve is expected to cut interest rates before the end of the year, the probability of gold strengthening is greater than that of falling.

FX678 FinanceJul 19 02:34 ET

Does the Rally in Gold Still Have Room to Run? – TDS

The top ten participants trading in Shanghai Futures Exchange (SHFE) Gold continue to add to their Gold positions, growing their net length towards its highest levels on record, TDS senior commodity strategist Daniel Ghali note.

FXStreetJul 18 10:40 ET

Gold Price Eyes $3,000 as Market Bets on Federal Reserve Rate Cuts

Gold prices have been on an upward trajectory, driven by mounting expectations for Federal Reserve rate cuts and increased bets on Donald Trump's re-election.

ColumnJul 18 06:33 ET

Gold market analysis: continuing rise in interest rate expectations, frequent breakthroughs in gold price records.

Wang Gang, of Bank of China Guangdong Branch, announced that on Wednesday, July 17, spot gold hit a record high of $2,483.56 per ounce. As expectations of a Fed interest rate cut continue to heat up, US Treasury yields continue to slowly decline. In addition, the weakening of the US dollar is the main driving force behind the trend of gold. The Fed's release of the Beige Book on Wednesday has strengthened market confidence that the Fed is getting closer to cutting interest rates. The Fed's attitude has clearly shifted towards dovishness, giving investors a reason to redeploy their gold holdings and causing a fervent pursuit of price-sensitive funds.

FX678 FinanceJul 18 01:15 ET