"3000 is just the beginning"! The "stubborn bulls" in Gold are calling for a Target Price of 4000 dollars.
Economist Peter Schiff stated that amidst the ongoing trade tensions and uncertainty over tariffs, one asset stands out: Gold.
Gold Trade Reminder: Trump hinted at some flexibility on tariff issues, and gold prices are approaching the 3000 mark again.
On Tuesday (March 25), in the early Asian market, spot Gold experienced narrow fluctuations, currently trading around $3011.87 per ounce. Gold prices fell 0.4% on Monday, dipping to $3002.43 per ounce at one point, and closing at $3011.86 per ounce. The dollar reached its highest level in over two weeks, prompting more Gold bulls to take profits, and investors are evaluating President Trump's more cautious stance on tariffs against trade partners. Bart Melek, head of commodity strategy at TD Securities, stated: "We have set one record high after another, and now the market is just consolidating."
Gold Gains 15% This Year, Stays Above US$3,000 Mark
Gold Trade Reminder: Gold prices have slightly retreated due to the rise of the dollar and profit-taking, but market sentiment remains bullish.
On Monday (March 24), during the Asian market's early session, spot Gold experienced narrow fluctuations, currently trading around $3025.54 per ounce. Gold prices fell 0.7% last Friday due to a strengthening dollar and profit-taking, briefly touching the $3000 mark during the session. However, geopolitical and economic uncertainties persist, coupled with expectations of Federal Reserve interest rate cuts, Gold prices continue to be supported by dip buying and safe-haven buying. Last Friday, Gold prices closed at around $3023.04 per ounce, marking a 1.17% weekly increase, representing the third consecutive week of gains. Surveys indicate that most Analysts and retail investors remain bullish on Gold price trends for the upcoming week. Traditionally,
Zhang Jinglin: Is London gold finding a bottom and rising with no hope of reaching a peak? Analysis and forecast of gold market trends on March 22nd next Monday.
Zhang Jinglin: Is the London Gold finding a bottom and struggling to rise? Analysis and forecast of next week's gold market trends on March 22!
Gold Is On Fire; Will The Price Hit US$5,000 By Year-end?
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