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What's wrong? The Fed cut interest rates as scheduled, and the golden industrial concept stocks in Hong Kong fell.
What are the relationships between gold and the Federal Reserve's interest rate cuts? How do institutions view the future trend of gold prices?
With the high price of gold, are stores unable to sell despite offering discounts and promotions? The demand for gold consumption during the Mid-Autumn Festival mainly focuses on essential needs. | Industry Trends
During the Mid-Autumn Festival holiday, the spot price of London gold approached $2,600 per ounce, setting a new record high. The domestic gold trinket prices are also high, with many potential buyers taking a wait-and-see approach. The main consumer group consists of customers with immediate needs such as newlyweds. Analysts believe that under the high gold price, the "National Day" gold retail market may still face pressure.
Golden industrial concept continues to rebound, gold breaks through $2600 to reach a new high since listing, institutions believe sector valuation repair is expected.
Golden industrial concept continues to rebound. As of the time of publication, Chi Silver Gp rose by 3.51%; SD Gold rose by 3.03%; Chinagoldintl rose by 2.34%; Zijin Mining Group rose by 0.69%.
Gold: Final Test Before Takeoff? [Video]
Gold Is Going Higher [Video]
A new milestone is bound to be set! The gold bulls firmly believe that the price of gold will rise to $3000.
With the global major central banks easing monetary policy and intense competition in the US presidential election, the gold bulls are firmly bullish on the price of gold, which is expected to soar to a new record and is projected to reach the milestone of $3000 per ounce.
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