Will gold continue to rise tonight after re-entering the $2500 mark? The industry is focusing on the Jackson Hole Annual Meeting, and gold is expected to continue to push higher.

① Once the annual meeting hints at a 50bp rate cut, the usd may continue to weaken, while gold and US stocks are expected to continue to rise; ② Based on the average performance of gold in the past ten years, gold prices tend to strengthen initially after the Jackson Hole meeting starts; ③ Recently, gold has been on a continuous uptrend, with a significant increase in COMEX net long positions and global gold ETF inflows providing support for gold prices.

cls.cnAug 23 08:06 ET

UBS: The market is gradually adapting to the gold price of $2500, and there is still room for increased allocation in the future.

UBS Group expects that as the Federal Reserve begins to cut interest rates, the holding cost of gold will decrease, leading to further inflow of funds into gold ETFs. Seasonal demand will drive the physical demand for gold in China and India to rebound. In addition, central banks around the world are still buying gold, and emerging market central banks still have room to increase their shareholding of gold.

wallstreetcnAug 23 02:49 ET

Wheaton Precious Metals Announces Investor Day Webcast on September 24, 2024

PR NewswireAug 22 17:00 ET

Gold Prices on Track for Their Lowest Finish in a Week

MarketWatchAug 22 13:33 ET

Vista Gold Brief: Announcing Phase 1 Drilling Results at Mt Todd

MT NewswiresAug 22 06:46 ET

Peter Hu Xifu: Golden Minerals Stocks Will Experience a "Bull Market" and Become a Hot Industry in the Next Ten Years.

With the surge in gold prices, economist and gold advocate Peter Schiff posted on the social media platform X, saying: "Golden industrial concept investors have overlooked an important point, which is that gold prices do not necessarily have to continue to rise."

Jinse FinanceAug 22 02:01 ET