What happened? Gold 'frightened' and broke through the 2750 barrier!
The latest data has not confirmed that the anti-inflation struggle has ended, and some analysts are worried that the Federal Reserve will press the pause button after cutting interest rates by 25 basis points next week. Nevertheless, is gold just experiencing a technical adjustment?
Gold Bulls Make Handbrake Turn After Reaching Milestone High
Middle East sudden ceasefire news! The short-term gold price plummeted below $2780, as heavyweight US data is approaching, how to trade gold?
#Middle East Situation##Gold Technical Analysis# 24K99 News Thursday (October 31) early European session, spot gold suddenly experienced a sharp short-term drop, with the price just falling below the $2780/ounce level; during the Asian session, the price once touched a record high of $2790.11/ounce.
"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
The most favored inflation data by the Federal Reserve is coming! Will gold aim to break through the key level of 2800 tonight?
Both the market and the Federal Reserve are in a "tricky position"! Be careful of tonight's data potentially overturning the number of interest rate cuts by the Fed this year...
Gold continues to hit new highs, should we be careful now?
Analysts say that despite gold recently hitting new highs, the upward trend may pause until a clearer correction occurs.
Gold trading reminder: usa PCE data may trigger a major market movement! FXStreet Chief Analyst analyzes the technical prospects of gold prices
In Thursday's Asian market session, spot gold was trading at $2788 per ounce, hitting a record high earlier. FXStreet's chief analyst Valeria Bednarik wrote that despite being overbought, the price of gold still maintains a bullish momentum, with $2800 per ounce within reach. The United States will release the September PCE Price Index on Thursday.
Gold skyrocketed 34% this year to hit a new high! Experts warn: usa may face a deep pullback after the election.
On the eve of the usa election, the price of gold continues to hit record highs.
It's been soaring all the way! Spot gold continues to hit new historical highs, less than ten dollars away from the $2800 mark.
①Spot gold once rose above the $2790 level, reaching a high of $2790.01 per ounce, continuing to hit a new historical high; ②The CME's "FedWatch" tool shows that the market expects over a 96% chance of the Fed cutting interest rates by 25 basis points on November 7th.
Biden's astonishing remarks, news of a ceasefire in the Middle East! Gold price soared to $2,790, hitting a new all-time high. How to trade gold?
On Wednesday, due to the uncertainty of the US presidential election boosting safe-haven demand, the price of gold soared to $2790 per ounce, hitting another historical high. Senior market strategist Daniel Pavilonis from RJO Futures said: "There are too many factors that can drive the gold price higher, all negative news is the fuel needed to push the gold price up, next step might climb to $2850 per ounce."
Next year, aiming for $3000! Goldman Sachs raises its gold price target, stating that central bank demand expectations have quadrupled.
Goldman Sachs said that gold is more popular when interest rates are cut; concerns about financial sanction risks are driving central banks to buy gold, as the focus shifts to the US election, Western investors are returning to the gold market; even by the end of next year, the central bank's gold purchasing speed will slow to 30 tons per month, only one-third of the monthly scale in 2022, and gold prices will rise by another 9% by the end of the year.
Gold Prices Break a New Record, but May Be Near a Peak
Gold To Hit $2,900 In 12 Months? What Analysts Predict Amid Economic Uncertainty
Gold Futures Close Higher As Investors Focus On US Presidential Election
Gold Keeps Hitting Record Highs. It May Be Time for Caution. -- Barrons.com
Gold approaches a new high of $2800, with the US presidential election and war risks driving up prices more than the S&P 500. Could bitcoin be next?
The spot price of gold is close to $2,800, climbing to a historical high of $2,782.2 per ounce before the deadline, with a year-to-date increase of over 37%, higher than the 22% increase in the S&P 500 index.
Three reports absolutely impact the market, Trump's trades spark gold and bitcoin.
Due to the uncertainty of intense competition in the US election, European and Asian stock markets fell on Wednesday (October 30), US stock futures rose, gold reached a historic high, bitcoin approached a record high, and the US dollar approached a three-month high.
Western investors enter the market, global gold demand surpasses $100 billion!
The Chief Market Strategy Officer of the World Gold Council stated that opaque over-the-counter market gold purchases are increasingly becoming an important force driving the price of gold.
Gold: Stays Bid on the Day – OCBC
The "Shining Journey" of gold continues: global demand totals over 100 billion US dollars in Q3 for the first time!
1. The World Gold Council stated that due to the continuous record highs in gold prices in the third quarter of this year, the total amount of gold demand in terms of US dollars exceeded 100 billion US dollars for the first time; 2. During the period from July to September, the total global gold demand, including over-the-counter (OTC) investments, was 1313 tons, a 5% year-on-year increase.
No Data
No Data