Gold market analysis: Profit-taking selling pressure led to a rapid 2% decline in gold prices from their highs.

Wang Gang, Bank of China's Guangdong Provincial Branch, said that after gold hit a historic high last week, it began to experience rapid decline from profit taking pressure, ahead of the weekend. Bart Melek, head of commodity strategy at TD Securities, said that the expectation that Trump may win the November presidential election and the almost complete digestion of the interest rate cut in September by the market will continue to support the long-term upward trend of gold. The slowdown in US economic activity will support expectations that the Federal Reserve will initiate a new round of easing after this summer, and the price of gold may rise. This week, pay attention to US PMI, GDP and PCE data.

FX678 Finance01:29 ET

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 Finance19:20 ET

Trending again! Spot gold once fell below 2400, is it another opportunity for layout?

The structural bull market remains unchanged.

Gelonghui FinanceJul 20 22:49 ET

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