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Global central banks are keen on buying gold! The willingness to increase holdings has reached a five-year high, Goldman Sachs is bullish on the gold price reaching $2,700.
According to the survey results, Central banks of various countries increased their gold reserves by 1,037 tons in 2023, the second highest annual purchase volume in history. Previously, the record was set in 2022, which purchased 1,082 tons of gold.
Gold, silver, and platinum forecast - with the decline in government bond yields, metals rebound.
The gold price continues to consolidate above the support level of 2295-2305 US dollars; silver is attempting to break through the level of 29.50 US dollars. Platinum is testing the resistance level at 975-985 US dollars.
Express News | Gold is the best tool to hedge against inflation risks related to the US elections, according to Goldman Sachs analysts.
Silver's 'hard times' are not over yet! Well-known institutions' analysis on silver trading: Silver prices may still have a large space for correction.
On Tuesday, June 18th, during the Asian session’s closing, the spot silver maintained its intraday decline, and the silver price is currently around $29.35 per ounce.
Is there still nearly 20% room for silver prices to rise? Bank of America: The rise of silver has just begun.
Bank of America metals strategist Michael Widmer predicts that the price of silver will rise to $35 per ounce within the next two years. Recent market volatility has caused the price of silver to fall below $30 per ounce, but Bank of America believes that silver's performance is just beginning. However, Bank of America also pointed out that if the price of silver is to truly take off, investment demand must rebound.
Federal Reserve officials have once again shown a hawkish stance! Silver prices briefly fell to the first support level. What will happen next?
24K99 News on Monday, June 17th, despite the weakening of the US dollar, the spot silver price still suffered a blow, once approaching the important level of $29.00 per ounce. FXStreet analyst Christian Borjon Valencia wrote a new article analyzing the technical outlook for silver.