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Weekend Reading | Gold price hits a new high again! Why are young people not buying gold bracelets, but turning to gold ETFs instead?
Currently, the gold price is inflated, and a pullback is only a matter of time. The period from the end of the year to the beginning of 2025 may be a good time to buy gold.
Will gold be the winner regardless of who takes office in the White House?
One key similarity between the two candidates makes investors see gold as a foolproof bet.
Gold is surging, with analysts shouting out a target price of $3000. How should one follow up on investment at the moment? Experts remind to pay attention to channel risks.
1. UBS Group analysts predict that the gold price will reach $2800 per ounce by the end of the year, with hopes of hitting $3000 per ounce by the end of next year; 2. Investing in gold requires attention to channel risks, choosing channels for buying and selling with smooth and guaranteed transactions; 3. When buying gold, do not speculate on short-term fluctuations, do not treat buying gold as "gold speculation" or "stock speculation".
Wall Street is in agreement: gold is expected to rise above $3000!
Bank of America believes that gold is the best hedging asset. Goldman Sachs points out that since the outbreak of the Russia-Ukraine conflict, global central banks' demand for gold has quadrupled. Morgan Stanley believes that the impact of gold ETFs, central banks, and individual investors' positions in the futures market on the price of gold continues to increase. Citigroup also points out that currently, the overall demand for gold investments, including public and private investments, remains at historically high levels, putting upward pressure on the price of gold.
Iran is preparing to launch a large-scale retaliatory strike against Israel "in the coming days"!
Israeli officials revealed that a large-scale retaliation by Iran may occur before the USA election day, and Iran's response will be unimaginable for Israel.
Be careful! Tonight's non-farm may be seriously "distorted", is the gold rally unlikely to end?
At 20:30 Peking time, the usa will release the October non-farm payroll report. The market expects that severe hurricanes and major labor strikes may lead to a significant decrease in new employment in October, making it the slowest month of employment growth in nearly four years, but the unemployment rate will remain stable.