Gold Sets A New Record As Prices Rise Higher

BenzingaSep 13 09:44 ET

Gold: Final Test Before Takeoff? [Video]

FXStreet12:02 ET

Gold Is Going Higher [Video]

FXStreetSep 13 11:49 ET

Gold hits a new high, is it trading on the US election cycle? CitiBank: Expected to reach $3000 next year!

The spot gold price has reached new highs in recent days, with prices breaking through $2,580 per ounce in early trading on Friday, and New York gold futures surpassing $2,600 per ounce, both reaching historical highs. Spot gold is expected to have its best performance since 2020, with a year-to-date increase of over 24%. Citibank analysts say that due to the loose monetary policies of major central banks and the tense situation of the US presidential election, the price of gold is expected to reach $3,000 next year. Data shows that gold prices have soared during the terms of the recent several US presidents, starting from the time the new president takes office.

wallstreetcnSep 13 11:41 ET

Breaking through 2580! The market is experiencing a "golden tsunami", and the expectation of interest rate cuts is the strongest driving force.

①Spot gold prices strengthened by more than $20 in the short term, hitting a high of $2583.36 per ounce, setting a new historical high; ②Traders have raised the probability of the Federal Reserve cutting interest rates by 50 basis points next week from 14% yesterday to 41%. Former New York Fed President Dudley said during the day, "The reasons for cutting 50 basis points are very sufficient."

cls.cnSep 13 11:07 ET

A new milestone is bound to be set! The gold bulls firmly believe that the price of gold will rise to $3000.

With the global major central banks easing monetary policy and intense competition in the US presidential election, the gold bulls are firmly bullish on the price of gold, which is expected to soar to a new record and is projected to reach the milestone of $3000 per ounce.

Zhitong FinanceSep 13 09:27 ET