"US Treasury bonds fall, gold is full"! What miraculous medicine does the gold, which keeps hitting new highs, have?
①As the spot gold price rose further to the $2790 level on Wednesday, it is now approaching the $2800 integer level; ②According to analyst Lina Thomas from goldman sachs, the inverse correlation between gold and the 10-year real interest rate is already clearly broken.
Next year, aiming for $3000! Goldman Sachs raises its gold price target, stating that central bank demand expectations have quadrupled.
Goldman Sachs stated that gold is more popular when interest rates are cut; concerns about financial sanctions risks are driving central banks to buy gold, with the focus shifting to the US presidential election, Western investors are returning to the gold market; even by the end of next year, the central bank's gold buying pace will slow to 30 tons per month, only one-third of the monthly average size since 2022, and the gold price will rise by another 9% by the end of the year.
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The 'Shining Journey' of gold continues: global demand totals over 100 billion US dollars in Q3 for the first time!
1. The World Gold Council stated that due to the record high gold prices in the third quarter of this year, the total amount of gold demand in terms of US dollars exceeded 100 billion dollars for the first time; 2. From July to September, the total global gold demand, including over-the-counter (OTC) investments, was 1,313 tons, a 5% year-on-year increase.
Most Asia-Pacific stock indices fell, comex gold futures broke through $2,800, spot gold hit a new high.
Economic and geopolitical uncertainties are driving the price of gold higher. comex gold futures broke above $2800 per ounce, up 0.7% intraday. Spot gold has reached a new high, currently trading at $2787.30.
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Why is the 'shining journey' of gold said to be not over yet? Read this article to understand.
①Last week, gold prices hit a record high; ②The decline in interest rates and the escalation of geopolitical tensions have increased the attractiveness of gold as a safe-haven asset.
Oil prices plummeted at the opening! Israeli airstrikes did not target Iranian energy and nuclear facilities, the market is relieved.
①Although Israel launched a new round of airstrikes against Iran over the weekend, the apprehension of market investors was instead relieved at the beginning of this week; ②Because Israel's targets did not include Iran's energy and nuclear facilities, this led to a significant drop in crude oil prices on Monday, and safe-haven asset gold also experienced a slight pullback...
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In the gold bull market, the amount of gold in the banks' financial market is rapidly increasing. There are 89 products on the market, with 34 awaiting sale. Industry insiders admit they were 'late to the game.'
①Currently, there have been a series of financial products linked to gold or with gold assets launched by China Post Financial, CMB Financial, Everbright Financial, Ping An Financial, and others. ② Among them, only CMB Financial institution has released at least 34 gold-linked financial products this year, with 9 released just last month. ③ Although the price of gold is currently strong, how to control the downside risk of gold-linked financial products is also a key concern for various financial institutions.
Gold prices have been skyrocketing! The world's largest gold producer has announced its best quarterly performance in five years.
①Due to the soaring gold price, the world's largest gold producer, Newmont, announced its best quarterly performance in five years; ②Newmont's performance report released on Wednesday showed that the third-quarter net income attributable to shareholders was 0.922 billion US dollars, nearly six times that of the same period last year.
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Bullish atmosphere in gold! UBS Group: Next target is $2900, any pullback will be 'short-lived'.
UBS Group indicates that the current call sentiment is strong, while bearish sentiment is absent, and there is still room for gold allocation to rise, which is expected to further drive the gold price higher. Looking ahead, a recession in the USA is the most favorable scenario for gold, while global central banks prematurely easing leading to an economic 'hard landing' will be the most bearish scenario for gold.