Spot gold prices climbed as the US dollar weakened before GDP data was released

Spot gold is trending downward in the short term, but gold is still well supported by medium- to long-term trends.

FX678 FinanceApr 25 08:00 ET

Gold market analysis: I hope the end of the week data will give clues, sort out the price of gold in a narrow range and wait for the results

Wang Gang of the Guangdong branch of the Bank of China said that the price of gold stabilized on Wednesday, and spot gold closed slightly below the closing price of Tuesday at $2311.69 per ounce. The risk premium caused by the Middle East tension has eased, and investors are closely watching the US economic data to be released later this week. These data may provide clues about the Federal Reserve's monetary policy path. After a sharp decline in the previous few trading days, gold entered a narrow range and waited for data results.

FX678 FinanceApr 25 01:13 ET

Large fund managers are entering the market! Enthusiasm for gold investment is high! Why are fund managers all optimistic?

“Increasing precious metal holdings” has become the consensus of the largest fund managers. Citi's analysis of large fund managers found that 83% of fund managers now go long on precious metals. Meanwhile, gold was the only commodity fund allocators added to their portfolios last month.

FX678 FinanceApr 24 04:30 ET

Gold's two-day decline of about 3% helped it reach a record high?

Gold futures prices have fallen by a cumulative total of about 3% for two consecutive days, the biggest drop in more than a year.

Zhitong FinanceApr 23 18:00 ET

Gold price diving! Gold futures fell more than $65 per ounce, the biggest drop in more than three years

Gold futures prices plummeted by $65.60 per ounce on Monday, or 2.73%, the biggest one-day decline since February 2021.

Zhitong FinanceApr 22 21:27 ET

Has gold reached its peak? UBS: Any pullback is an opportunity to increase gold holdings

Although the market expects the price of gold to enter a consolidation period, UBS believes that any price correction is an opportunity for investors to increase their gold holdings, and the continued existence of geopolitical risks may provide support for the gold market in the long term.

wallstreetcnApr 22 20:49 ET