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Gold remains at a high level, and the decline in oil prices seems unstoppable: how does the market interpret the Trump effect?
Has the rise of Gold slowed down due to a technical correction or a fundamental turning point? Oil prices have fallen for five consecutive days, and the market is waiting for further guidance on Trump's policies...
Gold Rally Gains Traction, Next Stop US$2,900?
Trump rarely threatens Putin! Strong demand for safe-haven assets drives Gold prices to a three-month high. How to Trade Gold.
On Wednesday, despite the strengthening USD, Gold prices surged to a nearly three-month high due to strong safe-haven demand triggered by Trump's remarks. FXStreet Analyst Christian Borjon Valencia noted that despite the rise in the USD, the increase in Gold indicates strong safe-haven demand. Geopolitical tensions in the Middle East are escalating, while the USA may take economic measures against Russia.
Gold has suddenly plummeted! The gold price has just fallen below 2750 dollars. FXStreet Analyst's analysis on gold trading.
On Wednesday in Asia, at the end of trading, spot Gold suddenly plummeted after approaching $2760, with the price just dropping below the $2750 per ounce mark, currently around $2747 per ounce. FXStreet senior Analyst Dhwani Mehta stated that the Gold price must break above the psychological mark of $2750 per ounce by the end of the day to challenge the high of $2762 per ounce in November 2024.
Gold has strengthened due to a weakening dollar, and Institutions are paying attention to Trump's trade policy.
On Monday, gold prices strengthened due to a weakening dollar, with investors waiting for Trump's inauguration speech later that day to understand his policies, which are expected to provide clear information on the inflation outlook and the Federal Reserve's future interest rate decisions.
"Significantly outperform Gold"! Mining experts predict that Silver prices will experience an "explosive market."
Shawn Khunkhun, the president and CEO of the mineral exploration company Dolly Varden Silver, predicts that Silver is likely to "outperform Gold significantly," suggesting that the price of Silver is preparing for higher targets above the resistance level of $50 per ounce. Khunkhun stated that due to favorable market conditions and historical trends, Silver could reach a Target Price of $73 per ounce, establishing a foundation for surpassing Gold in the coming years.
