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.
Barclays strategist Joseph Abate wrote in a note that the Federal Reserve may lower the overnight reverse repo rate at its December meeting, but the guaranteed funding rate will be higher than the new level as the balance sheet remains tight.