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World Gold Council: In April, the enthusiasm for gold investment was unprecedentedly high, with factors such as risky capital entering the market providing long-term steady support for gold prices.
In the long term, with its own stable performance, the continuous existence of global economic and geopolitical risks, along with the entry of Chinese insurance funds, the demand for Gold investment will receive further solid support.
The USA "debt bomb" has been ignited, triggering a surge in safe-haven Bids! Gold prices have skyrocketed to nearly 3250 dollars as bulls target these resistance levels.
According to a recent report from Bloomberg in the USA, Gold rebounded after experiencing its largest weekly drop in six months, with concerns over the economic outlook and budget deficit in the USA increasing demand for safe-haven Assets. In the early Asian trading session, the spot Gold price surged by 1.5% to $3249.80 per ounce.
We Think Shareholders Should Be Aware Of Some Factors Beyond Equinox Gold's (TSE:EQX) Profit
Einhorn declares that the rise of Gold is not over, and the defensive strategy helped Greenlight Capital make a profit of 8.2% in a declining market.
David Einhorn, the head of Greenlight Capital, reiterated his Call on Gold at the Sohn Investment Forum in New York on Wednesday, stating that this round of Precious Metals market is far from over.
Zacks Investment Ideas Feature Highlights: Agnico Eagle Mines, Equinox Gold and Harmony Gold
The allure of Gold is hard to resist; restoring vitality is just a matter of time!
WisdomTree's strategist pointed out that his scenario analysis shows that the upward risks for gold prices are more significant, and any declines under the current environment may be limited.
