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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."
Gold Sets A New Record As Prices Rise Higher
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.
Fed to Be the Focus of the Gold Market Next Week – Commerzbank
Gold Gets Lift as Media Revives Debate Over Fed Rate Cuts
Is the outlook for gold, silver, and copper optimistic?
The metal market this year has undoubtedly experienced significant volatility, especially in gold, silver, and copper.
Seventhen : Litecoin
White_Shadow : start hoarding spoons
OneManBand : Silver Institute numbers are off and Silver Demand way higher than demand and China and India are driving large “exchange for physical” shipments !
Please watch to get the truth:
SILVER ALERT! "Historical" Data Changes in New 2024 Silver Survey are Off the Charts!! (Bix Weir)
White_Shadow OneManBand : that video is some dumptruck conspiracy theorist..