Gold Hits $2800! Have You Jumped In?

Gold hits $2800 yesterday. The precious metal has risen 34% YTD. ----------------- Will the price of gold reach $3,000 this year? Have you jumped in the asset? Are you bullish on gold as USD will decrease?

avatarXAUUSD Gold Traders
11-08

Gold: The Upward Momentum Remain Limited as the 25BP Rate Cut

Hello everyone! Today i want to share some macro analysis with you!1.Friday (8 November) in the Asian market, spot gold short-term sudden sharp fall, the gold price just fell below the 2700 U.S. dollars / ounce mark; the last trading day gold prices surged nearly 2%! Despite the strong rebound in gold prices on Thursday, gold's bullish potential remains limited.On Thursday, spot gold surged more than 47 U.S. dollars, the federal reserve interest rate cuts to the dollar and bond yields under pressure, and boost the investment attractiveness of non-interest-bearing gold.The fed announced on Thursday will benchmark interest rate cut 25 basis points to 4.50%-4.75%, for the second consecutive rate cut, in line with market expectations.For the pace of rate cuts, Fed Chairman Jerome Powell said t
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Gold: The Upward Momentum Remain Limited as the 25BP Rate Cut
avatarFlorian_Grummes
11-08

Gold Chartbook โ€” Profit-Taking in the Gold Market?

Since breaking above USD 2,530 in late August, gold $Gold - main 2412(GCmain)$ prices have only known one direction: upward. Following a meteoric rise, a new all-time high of USD 2,790 was reached last week on Wednesday. A significant consolidation or even a genuine correction have been notably absent so far. Amid increased volatility, there have only been two sharp but overall very modest pullbacks. Instead, gold bulls have been charging from one all-time high to the next.The broader rally in the gold market has been ongoing since autumn 2022, already. The triple bottom at USD 1,615 marked the trend reversal at that time. However, the uptrend has only gained significant momentum in the last 13 months. Starting at USD 1,810 on October 5th, 202
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Gold Chartbook โ€” Profit-Taking in the Gold Market?
avatarChris Luk
11-04

Bitcoin, Gold, and the U.S. Election: Navigating Market Sentiments Amidst Geopolitical Tensions

As the 2024 U.S. presidential election approaches, gold, Bitcoin, and global markets are moving in ways that reveal market sentiment, fears of geopolitical conflict, and investor caution. Here, we explore these dynamics in light of past trends, current economic and geopolitical tensions, and the wisdom shared by prominent financial leaders. Gold Price Movements Around Trump's First Election In the six months leading up to Donald Trump's first election in November 2016, gold prices experienced significant volatility. From May 2016 to November 2016, gold prices rose from around $1,200 per ounce to approximately $1,300 per ounce, reflecting investor uncertainty and a flight to safe-haven assets. Following Trump's election, gold prices initially spiked but then declined as market confidence in
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Bitcoin, Gold, and the U.S. Election: Navigating Market Sentiments Amidst Geopolitical Tensions
avatarBarcode
11-01
$GLD 20241115 257.0 CALL$ $SPDR Gold Shares(GLD)$ $Gold - main 2412(GCmain)$๐Ÿ”บ๐Ÿ…ฑ๏ธ๐Ÿ†„๐Ÿ…ป๐Ÿ…ป๐Ÿ…ธ๐Ÿ†‚๐Ÿ…ท๐Ÿ“ˆ I opened positions in this call.  ๐ŸŒŸ๐ŸŒŸ๐ŸŒŸ๐Ÿ“ˆ๐Ÿ“ˆ๐Ÿ“ˆ  Gold is expected to climb to new record highs in the next year, according to a survey of the bullion industry in Bloomberg. SPOT GOLD EXTENDS GAINS AFTER US NON-FARM PAYROLLS DATA, LAST UP 0.5% AT $2,758.60 PER OUNCE. US 10-YEAR TREASURY YIELDS DROP AFTER JOBS REPORT, LAST AT 4.255%. @Tiger_comments @TigerPicks @TigerObserver @Daily_Disc
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avatarTiger_Contra
11-01

๐Ÿ’ฐGold Rush: Navigate Chaos by Cash Boost

Key Insights$.SPX(.SPX)$ breaks five-month win streak, with $Gold - main 2412(GCmain)$ seemingly becoming the ultimate risk-off asset.Try to manage your trades like a pro, and join trader communities to get real-time tips.Unlock value in CashBoost Account.1. Market recapAs US market is dragged down by the overwhelming risk aversion sentiment, uncertainty increases.On October 31, the $.SPX(.SPX)$ slid 1.9% on Thursday, its worst daily loss since early September. The tech-heavy Nasdaq 100 fell 2.4%.Both the $.SPX(.SPX)$ and $.IXIC(.IXIC)$ recorded their largest single-day dec
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๐Ÿ’ฐGold Rush: Navigate Chaos by Cash Boost
avatarnomadic_m
10-31
Gold prices may reach $3,000 by year-end, driven by a weakening USD, inflation concerns, and central bank buying. However, interest rate hikes, strong economic growth, and cryptocurrency competition could hinder growth. Investor sentiment is bullish due to gold's safe-haven appeal and inflation protection, but volatility and opportunity costs remain concerns. $Barrick Gold Corp(GOLD)$ $FUT:Gold - main 2412(GCmain)$ $SPDR Gold Shares(GLD)$
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avatarKSR
10-31
๐Ÿ‘
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avatarjgaldon
10-31
Replying to @highhand:Agreed in many counts, but the first one. It's speculation when it's on the markets and we bet its price goes up and down, but it also has a very particular property....store of value when all others goes to hell. In a reset, which has happened repeatedly over millenia, gold won't make u rich//@highhand:maybe. why not? but gold is speculative asset. there's no intrinsic value nor does it grow in value organically like a company... that's not to say it will not increase in value, but it's definitely more volatile and not necessarily correlated to a weak USD every time.
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avatarCaptain Ashford
10-31
Got in last year and took good profits early on AEM, NEM, and PAAS. More recently, I have sold DeGrey, Gold Road, and Predictive Discovery. Still holding decent positions in Northern Star and Perseus, while selling puts on GOLD and NEM to generate some extra cash. Will look to add to remaining positions on pullbacks when they inevitably come about.
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avatarjgaldon
10-31
Replying to @zippyzo:Interesting,  thanks for the comment//@zippyzo:Starting from the $1600 low, $GOLD has rallied around 20-22% per wave, with typical 6-8% pullbacks. In the current wave, weโ€™re already up 22%, signaling a possible pullback to the $2600 area.
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avatarAN88
10-31
yes gold will reach $3000 this year and I already bought a share
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avatarjislandfund
10-31
too rich for this tiger๐Ÿ˜Š
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avatarphongy 45
10-31
yes , increase gold collection is good move
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avatarYueShan
10-31
Good โญ๏ธโญ๏ธโญ๏ธ
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avatarECLC
10-31
Recently bought some gold jewelry gifts. Not willing to trade in or sell existing gold as the price still up trend and worth keeping longer.
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avatarMicroStrategist
10-31
Digital Gold is more powerful #BTC ๐Ÿค‘
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avatarWanEH
10-30
I think 3000 is not so possible until end of 2024. but it may hit this price at 2025.
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avataricycrystal
10-30
yeah, why not... gold is like a universal "thingy"... so good to have them [smile] [smile] [smile] @Aqa @GoodLife99 @Universeๅฎ‡ๅฎ™ @rL @HelenJanet @koolgal @LMSunshine @Shyon @SPACE ROCKET @TigerGPT Will the price of gold reach $3,000 this ye
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avataricycrystal
10-30
yeah, why not... gold is like a universal "thingy"... so good to have them [smile] [smile] [smile] @Aqa @GoodLife99 @Universeๅฎ‡ๅฎ™ @rL @HelenJanet @koolgal @LMSunshine @Shyon @SPACE ROCKET @TigerGPT Will the price of gold reach $3,000 this ye
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avatarTigerClub
10-30

๐ŸŽWhat the Tigers Say | Gold Approaches $2800! Have You Jumped In?

Gold approaches $2800 at morning trading. The precious metal has risen 34% YTD.Will the price of gold reach $3,000 this year?Have you jumped in the asset? Are you bullish on gold as USD will decrease?๐ŸŽSpecial Notes: Whoever showed up on theโ€ What the Tigers Sayโ€ column will receive 100 Tiger Coins and an exclusive interview invitation to honor your contribution.Click titles to read the full analysis:1. @Gan Eden Capital: Dollars and goldKey Points:At a campaign rally earlier this month, President Trump promised that if he is elected, โ€œWe will keep the US dollar as the worldโ€™s reserve currency. It is currently under major siege. Many countries are leaving the dollar.
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๐ŸŽWhat the Tigers Say | Gold Approaches $2800! Have You Jumped In?