Global investors are scrambling to avoid the impact of the "US election"! Is gold one of the safe havens?
Investors are wary of further sell-offs and are looking at small-cap stocks, United Kingdom assets, and gold as possible safe havens.
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Biden's withdrawal triggered turbulence in Monday's opening: the US dollar fell, gold surged, and US futures rose.
In the early Asian trading on Monday, global markets have been focused on the news of Biden's withdrawal, triggering a preliminary market reaction. Some typical "Trump trade" represented by long-dollar and betting on the steepening of the US Treasury yield curve showed signs of sluggishness and decline in the early morning of the day. Meanwhile, US stock futures opened slightly higher on Monday, and gold rose in a safe-haven atmosphere of increasing uncertainty in US politics.
Wall Street is discussing Biden's withdrawal, will the 'Trump trade' be overturned?
Could political turbulence intensify the turmoil on Wall Street, and could the tailwinds for gold be stronger than the headwinds? Should we still stick to the "Trump trade"?
NASDAQ is experiencing a major correction, where can you hide? The Dow Jones, gold, and US bonds are all falling, but bitcoin remains 'strong'.
Market style has changed due to factors such as improved prospects for Trump's campaign and increased expectations for interest rate cuts.
Weekly Top Picks: Microsoft's big crash disrupts the global market! Gold risks holding at the 2400 mark!
Gold once again presents a thrilling market, falling more than 80 dollars after reaching a new high! Rotation in U.S. stocks dealt a heavy blow to technology shares, and Microsoft's outage added insult to injury! Federal Reserve officials collectively leaked information before the silent period, wary of Biden's resignation on the weekend... What exciting market did you miss this week?
What happened as gold rapidly falls below the $2400 mark?
If gold prices close below $2,400 today, it may be difficult to reach $2,500 in the short term!
Shares of Precious Metals Stocks Are Trading Lower as Gold and Silver Prices Fall Amid a Rise in the Dollar.
Shanghai gold fell 2.44%, is the rise of gold just a flash in the pan? Expert: Trump's recent comments have affected the expectations of interest rate cuts.
① Today, gold has experienced a significant pullback, and there is a division between domestic and foreign markets. The core reason for this is the change in expectations of interest rate cuts due to the upcoming US election. ② The "trade war" may not continue to benefit the gold price, so the Fed's preventative interest rate cut in the face of a normal economic slowdown should be approached with cautious optimism regarding the gold price.
Investment banks are discussing! The initial application for unemployment benefits in the USA reaches a record high, and the FED may become more certain to cut interest rates.
①In the week ending July 13th, the number of initial jobless claims in the USA reached the highest level since August 2023. ②Texas had the largest increase in first-time unemployment claims last week due to the impact of Hurricane "Peridot". ③Analysts believe that the data clearly points to a cooling labor market, providing further reasons for the Federal Reserve to start cutting interest rates soon.
The situation changed? ETF has started to see net buy orders, and JPMorgan has called for a gold price of 2650!
According to Morgan Stanley, ETFs may become the new driving force behind the next round of gold price increases. Gold ETFs have started to increase their holdings since late May, and COMEX's net long position is at its highest since Q2 2022.
As the price of gold rises, some are happy and some are worried: the retail market is 'bullish but buying less', while mining enterprises are collectively making a profit.
①Spot gold reached a historic high of $2480/ounce, with a cumulative increase of 20% so far this year; the domestic retail brand jewelry gold price broke through 750 yuan per gram; ②The upstream mining companies of the gold industry chain generally have pre-increasing performance in H1, but the gold retail market continues to be sluggish. The Shenzhen Shui'bei Gold Trading Market is popular, but there are more people looking than buying; ③Analysis believe that the price of gold may continue to rise, and the "two-faced" situation may continue.
Gold "takes flight", Bridgewater's founder Dalio once again supports!
Ray Dalio believes that gold, which is at a record high, still remains attractive.
Technical report from Liu: Pay attention to this key resistance level for gold, while US oil is challenging its first resistance level.
Silver should pay attention to whether it can return to this level. The US dollar is still bearish, and Europe and the United States are testing the main resistance.
One diagram to understand | Which assets benefit first from the "rate cut trade" meeting the "Trump trade"?
Since the release of CPI data last Thursday, various varieties have had different trends. Among them, bitcoin rose sharply by 14%, small-cap stocks performed well, and gold and Dow Jones both hit new highs.
Rate cut rumors heating up in July! Gold futures are approaching $2,490 during trading, will gold prices reach $3,000?
At present, the market has fully priced in the Fed's interest rate cuts in September, while the call for interest rate cuts in July has begun to heat up. Some institutions believe that the future gold price may reach $3,000 per ounce.
International gold price has reached a historic new high of $2487, but the Shanghai Gold Exchange has reduced its contract margin ratio. What is the reason? This bank quickly followed suit.
①Whenever the international gold price hits new highs and market trading heats up, the Shanghai Futures Exchange and the Shanghai Gold Exchange generally raise margin requirements to cool things down. ②The market has a uniformly bullish view of future gold prices and is buying futures at the bottom, while at the same time there is a situation of "reluctant selling" in current gold prices. ③Citibank's report suggests that the target gold price for mid-2025 under normal conditions is $2,800 to $3,000 per ounce.
Gold's rising trend shocks Wall Street! JPMorgan raises its target price.
JPMorgan was surprised by the rise in gold prices, but considering multiple structural bullish factors, the bank raised its gold price expectations for the next two years.
Approaching 2480! Powell kickstarts the gold party, the celebration has just begun.
The analyst pointed out that Powell's testimony last week seems to be the turning point that the market has been waiting for in Congress.