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.
Trending again! Spot gold once fell below 2400, is it another opportunity for layout?
The structural bull market remains unchanged.
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.
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.
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.
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.
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.
Gold trading reminder: After hitting a historic high and falling back, can the future continue to rise?
On Wednesday, gold prices rose and then fell. From a fundamental perspective, there was no obvious bearish news, and the large pullback in the price of gold was likely due to longs taking profits. Relatively speaking, Federal Reserve officials continued to deliver dovish speeches this week, and the latest U.S. real estate data also performed poorly. The Fed's beige book showed that companies expected future growth to slow down, the labor market continued to be weak, the U.S. dollar index fell to a near four-month low, and U.S. bond yields continued to weaken. All of these factors limited the short-term downside space of gold prices and are expected to provide opportunities for gold prices to further rise.
GOLD FUTURES CLOSE HIGHER
The gold futures corntract on Bursa Malaysia Derivatives has extended its rally, tracking the movement of gold prices on the New York Commodities Exchange (COMEX).
Gold market analysis: Despite alarming data, the expectation of interest rate reduction remains intact, with gold prices soaring strongly, hitting a new high.
Bank of China's Guangdong branch, Wang Gang, said that on Tuesday (July 16), spot gold hit a record high of $2,469.59 per ounce. The US retail sales report that day failed to reverse market expectations of a rate cut at the Fed's September 18 meeting, and gold prices hit a record high. Federal Reserve Chairman Powell said on Monday that the Fed is increasingly confident of inflation returning to its target level, which has boosted market confidence, and the market has priced in a nearly 100% chance of a Fed rate cut in September. The expectation of a rate cut in September continues to ferment, keeping the outlook for gold optimistic.
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.
Watch These Important Gold Price Levels As Metal Hits Record High
Gold (GOLD) prices climbed to set a new record high on Tuesday as investors move into the precious metal amid rising expectations that the Federal Reserve will lower its benchmark interest rate in September. Falling rates increase the non-yielding commodity’s demand by reducing its opportunity holding cost relative to interest bearing assets, such as fixed-income securities.
Spot gold hits new highs again! With positive factors accumulating, will the gold price reach $3,000 next?
As the market's expectations for the Fed's interest rate cut heated up, and some traders increased their bets on Trump's re-election, the international gold price reached a historic high.
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
Gold Nears Record High As Fed Rate Cut Looms
Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs.
Gold Market Analysis: Expectations of Fed Rate Cuts Boost Gold Prices to Hold Steady at 2400.
Wang Gang, of Bank of China's Guangdong Branch, said that the moderate growth in PPI announced on Friday, following the soft CPI last Thursday, further confirms the downward trend of inflation and strengthens the reason for rate cuts in September. Although PPI slightly reduced some of the upward momentum of gold, gold was still able to hold onto the key support of $2400/ounce. For some analysts, this is a strong sign that the consolidation phase of gold is about to end. If retail sales weaken further this week, it will undoubtedly intensify the expectation of a rate cut by the Federal Reserve, which will be beneficial to the price of gold to create new highs.
Gold Tops $2400 Amid Rate-Cut Hope: Is the Bull Run Over?
The anticipation of a Federal Reserve rate cut in September has invigorated the gold market, propelling prices above the $2,400 threshold for the first time since May 22nd. This surge followed the release of US Consumer Price Index (CPI) data on Wednesday, which fell short of Wall Street expectations and prompted the market to price in over a 90% chance of a rate cut in September.
Gold Market Analysis: Soft US inflation data boosts bets on rate cuts, and gold prices are working hard to return above 2400.
Wang Gang of Bank of China Guangdong Branch stated that US CPI data in June indicated positive progress in the Fed's inflation management and confirmed a trend of falling inflation in the second quarter. Therefore, after weak inflation data was released, the interest rate futures market fully priced in a 25 basis points rate cut by the Fed in September, betting on a total reduction of 61 basis points this year, up 11 basis points from before the data release. The sharp increase in the probability of the Fed's rate cut expectation makes the key macro groups that have been observing so far increasingly likely to regain their interest and investment confidence in gold.
Gold Market Analysis: Powell's Testimony Preheating Rate Cuts, Gold Prices Continue to Slightly Rise
Wang Gang of the Bank of China Guangdong Branch said that on Wednesday, Powell's half-year testimony to the Senate was consistent with Tuesday's speech, emphasizing the balance between inflation and employment risks. Although Powell's two-day congressional policy speech was cautious, investors still smelled the dovish tone from it, believing that his speech gradually indicated that the Fed is gradually approaching the first interest rate cut since 2020, which calmed the market's views that the Fed cannot cut interest rates this year yet. Now, the focus is on the CPI and PPI reports. Gold seems to be facing more favorable factors.
Gold Price Resumes Uptrend, US CPI in Focus
Gold surges amid growing expectations of Fed rate cuts in September.