Exchange-Traded Funds, Equity Futures Lower Pre-Bell Thursday Ahead of Anticipated Jobs Reports
Gold Steady After Powell Flags Cautious Approach to Rate Cuts
Gold prices have fallen more than 10 dollars from the day's high! What will happen next? Latest gold price technical analysis from FXStreet senior analyst.
In the early European session on Thursday, spot gold continued to fall short-term, with the current price dropping to around $2644 per ounce, more than $10 below the intraday high reached earlier. FXStreet senior analyst Dhwani Mehta said that the market will closely monitor any developments in global trade and Middle East geopolitics, which could significantly affect risk sentiment and the gold price sensitive to the US dollar.
The road to gold hitting a new high is far from over! Well-known investment bank: in this situation, the price of gold may quickly soar to $3000.
According to the well-known investment bank Macquarie Group, with the Federal Reserve lowering interest rates and central banks around the world increasing gold reserves, there is potential for further increases in gold prices next year, possibly reaching record highs. Macquarie stated that if concerns about the usa's fiscal situation intensify, gold prices could soar towards 3000 dollars per ounce.
Macquarie Group predicts that gold prices will rise in 2025 and may surpass the $3,000 mark.
Macquarie recently released an optimistic forecast about gold price trends, indicating that by 2025, gold prices are expected to see significant increases and may even break historical records.
Gold prices have surged unexpectedly! Gold prices have rapidly increased by nearly 10 dollars in the short term. FXStreet analyst's latest analysis on gold trade.
On Thursday, at the end of the Asian market, spot gold suddenly rose nearly 10 dollars in a short time, and the current gold price is approaching 2655 dollars per ounce.