Gold prices continue to rise at high levels, brand merchants are adapting: fixed prices and light weight gold jewelry lead the retail market.
①This week, the international gold price has continuously risen and hit a historic high multiple times, while the Shanghai gold futures block orders contract also rose to 600 yuan per gram for the first time; ②According to the reporters of Caixin, after multiple interviews, it was revealed that retail-end fixed price, small weight, and low unit price categories of gold products are more competitive; ③Analysis believes that the gold price is in a bullish trend state and may reach $3200 per ounce by 2025.
"Black Swan Fund" founder: US stocks, gold, and digital currency may experience a flash crash, timing will be before the end of the year.
Spitznagel predicts that by the end of this year, the global market may suffer an "impact" due to economic slowdown. The Fed's lowering of borrowing costs should make investors concerned and consider more about the trend of stock prices next year. Bonds may be a safe haven.
Most of the Asia-Pacific stock markets rose, with the nikkei 225 index up more than 2%, and the Japanese yen falling by 1% to below 146.
The surge in the Chinese stock market boosts market risk appetite, with the ftse china a50 index futures rising more than 5% intraday, and the nikkei 225 index rising more than 2%. Traders are increasing bets on Hiyoshi Kogiku winning the Japan election, causing the yen to drop below 146.
Gold Market Analysis: Gold steadily rises to refresh record ahead of usa PCE announcement.
Wang Gang, from Bank of China Guangdong Branch, stated that driven by hopes of interest rate cuts in the USA, safe-haven demand, and strong buying interest from institutions, the price of gold has risen by over 29% year-to-date in 2024, repeatedly breaking historical records. Some institutions believe that the current gold price is entering a self-sustaining bullish trading scenario, which continues to attract speculative funds. Investors are awaiting the release of the US August core PCE on Friday, which, if weak, could immediately pressure the US dollar, enabling gold to continue leveraging the opportunity to push towards higher peaks.
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