Gold prices hit a new high on Monday but failed to boost bulls' sentiment. Shimizu's departure may suggest that the gold price lacks reinforcements and may fall into a situation of "ambush on all sides"?
On February 12th, the price of gold has risen by more than 40% in the past year, and the price of gold has broken through historical highs all the way. Entering 2025, due to the growth of the Spring Festival public demand for cash, the enthusiasm for gold recycling before the Spring Festival is high, and the recycling volume of gold recycling institutions in January increased by 76% year-on-year; during the Spring Festival, the price of gold reached a new record high, and the total amount of rec...
Gold continues to climb and the momentum is not diminished. Analysts believe that the price of gold has not yet entered the extremely overbought area. As long as it does not close below this level, it will continue to rise. It is easy to reach $3,000 in the current environment.
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 > >
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...
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.
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...
On November 15th, Adam Button, an analyst at financial website Forexlive, said that the gold market had previously priced in the uncertainty of the US election, but when the result became clear soon, the price of gold plummeted and has been on the defensive since then. Gold fell to $2,537 at one point on Thursday, marking the fifth consecutive day of decline, and did find some support there. This low is almost equivalent to the high in August. The rebound in gold prices also coincided with some ...
On September 19th, the price of gold rebounded on Thursday. Alex Ebkarian, chief operating officer of Allegiance Gold, said: The market is considering deeper and more interest rate cuts because the United States has fiscal and trade deficits, which will further weaken the overall value of the dollar. If you combine geopolitical risks with the current deficit in the United States, the low yield environment, and the weakening of the dollar, all of these factors combined are what are causing gold t...
Gold prices rebounded overnight, buoyed by lower-than-expected JOLTs, but still stopped at the 2,500 mark. Analysts believe that X appears to dominate the market, and the key to the recovery lies in... > >
The price of gold fell sharply overnight and rebounded, with call options retreating to key positions to support the market; silver has not yet emerged from the volatile market, but long bets may support a short-term rebound.