To The Moon

Gold $Gold - main 2412(GCmain)$ prices soared last week, surpassing the $2700 mark and setting a historical high. Over the past two years, gold has climbed steadily, breaking record after record. Analysts from Bank of America recently pointed out that, driven by multiple factors, they maintain a target price of $3000 per ounce for gold.Gold futures closed above $2700, marking an impressive increase of over 30% this year. However, from a technical standpoint, gold has been overbought for an extended period, suggesting a potential for significant pullbacks.After a brief expected correction, buyers quickly stepped back in. A drop in interest rates, central bank purchases, political uncertainty, and rising sovereign debt are all pushing gold towar

Gold $Gold - main 2412(GCmain)$ prices reached new heights on Thursday, driven by uncertainty surrounding the U.S. presidential election and escalating tensions in the Middle East, boosting demand for safe-haven assets.Spot gold hit a record $2,696.62 per ounce, while futures on the New York Mercantile Exchange closed at $2,704.80 per ounce. The immediate catalyst for this surge was the Middle East unrest, prompting investors to flock to gold.Market Caution Before the ElectionFXTM Senior Research Analyst Lukman Otunuga notes that with less than three weeks until the U.S. election, the market may remain cautious. However, the uncertainty surrounding the election results has heightened demand for safe-haven assets like gold.Investors see both pr

Last week, overseas interest rate cut expectations were further revised, and the CPI in September was higher than expected. At the same time, several Fed officials stated that interest rate cuts may be lower than previous market expectations. The market's interest rate cut expectations have also improved. The momentum of short-term economic growth has also improved, and copper prices have stabilized and rebounded accordingly. However, we do not think that the data in the United States will continue to strengthen, and we need to consider the possibility that the interest rate cut expectations will rise again.CORE POINTS1. Expectations for interest rate cuts continue to be revised, and copper prices stabilize and reboundLast week, overseas interest rate cut expectations were further revised,

Gold $Gold - main 2412(GCmain)$ has been smashing record highs left and right. As we closed 2023, prices soared well above the $2,000 per ounce mark, and let’s just say, 2024 has kept that momentum going strong. After the Fed's 50 basis point rate cut this September, gold shot past $2,600 an ounce, setting a new historical high. But here’s the kicker—gold stocks haven’t yet delivered the explosive returns investors were betting on.As of October 1, gold prices are up around 30% this year. Meanwhile, the mainstream gold stock ETFs, $VanEck Gold Miners ETF(GDX)$ and $VanEck Junior Gold Miners ETF(GDXJ)$ , have climbed 32% and 33%, respectively. Sounds decent, rig

图片Thanks to expectations of further interest rate cuts from the Fed, precious metal prices are soaring, with silver $Silver - main 2412(SImain)$ hitting its highest point since 2012. Silver has been one of the standout commodities this year. The Fed's shift toward more accommodative policies and prospects for further rate cuts are giving precious metals a boost. Plus, as China takes steps to invigorate its economy, the industrial demand for silver could rise, providing even more support for its price.Amelia Xiao Fu, head of commodities at CICC, stated:“With continuous rate cuts and potential ongoing stimulus from China, we expect silver to keep climbing in the coming quarters, aiming for $37.”Ole Hansen, head of commodity strategy at Saxo Bank

Gold $Gold - main 2412(GCmain)$ prices are holding steady near historic highs, with new U.S. consumer data pointing to economic weakness, providing a reason for further rate cuts in the coming months.The Chicago Mercantile Exchange’s FedWatch tool shows the probability of a 50-basis-point cut by the Fed at its November meeting has risen from about 40% to 57% following the recent policy meeting.BMO Capital Markets’ commodity analysts have released a new outlook, predicting an average gold price of around $2,700 per ounce in Q4, up 15% from their previous forecast of $2,350.Looking ahead to the next 12 months, they expect gold to average $2,663 per ounce in 2025, a 21% increase from their earlier estimate of $2,200. They’ve also raised their lon

Since mid-September, domestic and foreign gold prices have repeatedly hit record highs, exceeding US $2,600/oz, continuing the strong bull market since the fourth quarter of last year. As of September 17, the COMEX gold December contract has increased by more than 20% annually (see the chart below), and the full-year increase in 2023 is only 9.8%. This is also the third consecutive year of increase since 2022.The Federal Reserve announced a 50 basis point interest rate cut, which is an important node for gold prices. In the short term, we need to pay attention to the risk of callback after the interest rate cut is favorable. However, in the long run, after the Federal Reserve cut interest rates, the decline in the real interest rate of the U.S. dollar stimulated the rise in investment dema

Even though gold $Gold - main 2412(GCmain)$ prices are still trading high, their upward momentum seems to wane with the arrival of September, a trend sometimes referred to as the “September Curse” in the gold market.Nicky Shiels, the Head of Metals Strategy at MKS PAMP, recently highlighted that since 2009, gold prices have averaged a 2.4% drop in September. Analysts also note that since 2017, gold has averaged a 3.2% decline during this month.It’s not just gold, silver also suffers in September. Over the past 15 years, silver prices have dropped an average of 3.7% in the last month of Q3.Why does gold tend to fall in September?Several factors might be at play. Analysts suggest that traders might adjust their asset allocation strategies during

At the beginning of September, U.S. stocks fell again. It is worth noting that the Nasdaq index did not rise to the record high set on July 10, driven by the performance of large technology companies exceeding expectations in the second quarter and rising expectations of interest rate cuts by the Federal Reserve. We believe that the market's hidden worries about U.S. economic growth have affected investor confidence. In addition, the uncertainty of the Federal Reserve's future interest rate cuts, the increasing capital expenditure burden of U.S. technology companies and the uncertainty of fiscal policy brought by the general election have also led to the short-term weakness of U.S. stocks, and there is a great risk of adjustment in U.S. stocks in the short term.There are hidden worries in

Recently, gold $Gold - main 2412(GCmain)$ prices experienced a brief pullback after hitting record highs. However, traders and investors seem unphased, waiting for the next catalyst to push gold to new peaks. Gold reached a historic high of $2,560.30 a few days ago, so the recent dip is just a minor fluctuation within its overall upward trend.In early trading, December gold futures fell to a daily low of $2,504.40. Yet, market participants quickly seized this as a buying opportunity, and gold prices rebounded significantly in the afternoon, ending the day with only a slight drop of 0.15%. This minor retreat is largely due to a strong U.S. dollar, with the dollar index rising 0.13% to 101.776.Gold’s strong performance this year is attributed to