NUGT Direxion Daily Gold Miners Index Bull 2X Shares
- 40.550
- +0.650+1.63%
Here Are UBS's Top Gold Picks as Stocks Appear Inexpensive Amid Wider Rally
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.
Gold's Sharp Two-day Correction Overdue and Healthy, Analysts Say
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.
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.
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.
Gold Surges Past $2,400 on Middle East Conflict Concerns
Gold surged past $2,400 an ounce as concerns over rising tensions between Israel and Iran stoked haven demand.
Commodity Roundup: Natural Gas Rises Ahead of Inventory Data, Oil Extends Losses
Citi: Gold “shines like a diamond”, up to $3,000
Citibank analysts expect that the “lower price limit” for gold will also rise from around $1,000 to $2,000 per ounce.
Spot Gold Rises As Tehran Attack Sparks Fear Of Wider Conflict: This ETF (NUGT) Tracks Gold Miners
Spot gold was popping up above 0.5% at one point on Tuesday, propelled by escalating tensions in the Middle East following Tehran's decision to deploy hundreds of drones and missiles toward Israel on
Middle East Tensions Rise: Where Are Funds Finding Shelter?
The already complex situation in the Middle East escalated once again last weekend, following Iran's retaliatory attack on Israel, prompting concerns of a wider regional conflict. With market disruptions intensifying, investors' risk aversion is on the rise, and the direction of capital seeking refuge has become a matter of universal concern.
Gold Price Benefits From Rising Geopolitical Risks, Lacks Follow-through Buying
Gold price regains positive traction in reaction to Iran’s attack on Israel over the weekend.
Expected to be $2,700 by the end of the year? Geopolitical risks continue to escalate, Goldman Sachs raised the price of gold
Goldman Sachs analysts said on Friday that as emerging market central banks continue to buy gold amid geopolitical risks, the price of gold will be higher than previously anticipated by the end of this year.
Ping An Securities: Why has the price of gold repeatedly broken new highs in this round?
Ping An Securities released a research report saying that due to multiple factors, the price of gold has continued to rise rapidly since this year. As of April 10, the Comex Gold Index had exceeded 2,380 US dollars/ounce, breaking record highs several times.
Is gold at the beginning of a bull market? The price of gold is a wild “wild horse”, and 2,400 US dollars is already within easy reach
The shattered dream of the Federal Reserve cutting interest rates still cannot stop the crazy price of gold. No, today they hit another record high.
Gold trading reminder: So crazy! The price of gold has reached a new all-time high! It turned out to be supported by three major benefits
Gold prices rose nearly $40 on Thursday, hitting an intraday high of $2377.60 per ounce, closing at $2372.26 per ounce. Previously, US producer price data fell short of expectations, and the number of renewed jobless claims rose to the highest level since January, boosting hopes that the US will cut interest rates this year. Meanwhile, US officials say they expect Iran to attack Israel, and continued geopolitical concerns have increased the appeal of gold.
Gold Resumes Rally to Record High After Softer U.S. Inflation Reading
The Labor Department reported its March producer price index for final demand rose 2.1% Y/Y, the most in 11 months but below the 2.2% analyst consensus estimate.
Gold Can Push Above $2,500/oz - VanEck
Gold's Record-Breaking Rally Persists: What's Behind the Rally and What's Ahead
UBS has upgraded its 2024E year-end target to $2,400 in its latest research and sees gold trading as high as $2,500 this year.
Unafraid that gold will continue to reach new highs, fund managers are optimistic that it can still rise!
The rise in gold prices is not over yet.