Gold: Why Bullish Sentiment Shouldn't Worry Investors
Gold Could Test US$2,775 Next: RHB
India's gold demand is expected to remain strong in the coming months as tariffs are lowered during the gold buying season.
①India, the world's second largest gold consumer, recently reduced import tariffs on gold, and with India's traditional festivals and wedding season approaching; ②this will drive continued strong gold purchases in India, with global gold demand expected to remain robust in the coming months.
Gold Lingers Near Record Highs, Powell's Speech Eyed for Rate Cues
Gold price hits a new high! Morgan Stanley and UBS Group are both bullish: the uptrend will continue until 2025.
At least two large banks expect the gold price to continue to rise until next year, as a large amount of funds are flowing back into gold ETFs, and the market anticipates further interest rate cuts, including from the Federal Reserve.
Why Gold Continues to Hit Record Highs