News list for " Gold Price"
At the beginning of 2025, the price of gold rallied. On January 9, the price of gold hit its highest level since mid-December. On January 10, the price of gold rose again. According to institutional analysis, in the medium and long term, gold and the US dollar have shown "divergent" characteristics, and the trend of the US dollar index does not have a decisive impact on the price of gold. Gao Ruidong, chief economist of Everbright Securities, analyzed that after Trump was successfully elected pr...
Gold prices held steady after three straight days of gains as traders awaited the release of U.S. jobs data that will weigh on the Federal Reserve's policy outlook this year. U.S. non-farm payrolls data for December is expected to show a slowdown in job growth, but it remains healthy, and economists expect that growth to continue through 2025. Fed officials have signaled that they may keep interest rates at current levels for an extended period of time, cutting them again only if inflation cools...
Goldman Sachs: It no longer believes that gold prices will reach $3,000 an ounce by the end of this year, delaying that forecast until mid-2026.
Risk aversion has pushed up gold prices. Where is the resistance to gold? Gold is off to a strong start. Can we test 2700 again? Click to view detailed analysis > > >
Gold prices rallied along the trend line, but analysts believe that the overnight rally cannot confirm the momentum of gold to rise further, which may be a "fake move". But gold bulls are still dominant, and a break above this moving average is expected to rebound further > >
Large asset managers expect gold prices to reach at least 3,000 this year in the most optimistic scenario; even in the most pessimistic scenario, a key factor could help gold find bottom support.
The gold market has not yet peaked, and the decline in gold prices will attract more bulls! The Federal Reserve still holds dovish expectations, but there are two major risks. The United States and Japan may fall to this level before the Bank of Japan meeting in January next year.
The Chicago Mercantile Exchange (CME) Group will offer a one-ounce gold futures contract starting in January 2025 to meet the strong demand from retail investors at a time when gold prices are hitting new highs. On December 5, CME Group announced that the futures contract will be listed from January 13, although it still needs to wait for regulatory approval. The new futures will enrich CME's retail-friendly micro gold and silver futures contracts. Micro gold and silver futures are among the fas...
Geopolitical risks are still an important support for gold prices. Could the Federal Reserve "hawkish interest rate cuts" in December? The US bears need to win here to gain more momentum. The technical side of the US and Japan hints that downside risks still exist! OPEC + alone cannot save oil prices by extending production cuts...
JPMorgan Chase maintained its multi-year bullish outlook for gold, forecasting prices to rise to $3,000 an ounce next year.
Gold prices retreated from a three-week high hit earlier on Monday as investors took profits and traders adjusted their expectations for the Federal Reserve to cut interest rates pending further data to assess the rate outlook. Matt Simpson, senior analyst at City Index, said gold prices were under pressure as "some traders were looking to take profits near the $2,718 high." Gold futures had their best week since the epidemic last week. "I doubt last week's rally can continue given the shortened...
On November 23rd, the picture shows a comparison of domestic gold jewelry prices today. The price of gold has continued to rise. The price of gold jewelry in many jewelry stores has reached 812 yuan/gram, up more than 10 yuan/gram from yesterday.
Gold bulls are cautiously optimistic. Can bullish sentiment push gold prices further? Silver is about to enter the bear defense zone, and vigilance can weaken it.
On November 20th, the picture shows a comparison of domestic gold jewelry prices today, with many prices rising by 8 yuan/gram to 790 yuan/gram from yesterday.
Large-scale purchases of gold by central banks have been one of the factors supporting the rise in gold prices, and the current surge in the US dollar may curb demand from central banks. Central banks have bought 694 tonnes of gold this year to diversify their holdings and reduce their reliance on the US dollar, according to the World Gold Council. George Saravelos, head of foreign exchange research at Deutsche Bank, said Mr. Trump's policies could weaken emerging market currencies. "Many centra...
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