To The Moon

Among overseas institutions, one of the banks optimistic about this year's international gold price is Bank of America, which maintains its expectation of $2400 per ounce.

Currently, the market believes that the influence of the Federal Reserve's interest rates and monetary policies on the international gold price is decreasing.

In this situation, the rise in the $USD Index(USDindex.FOREX)$ and U.S. Treasury bond yields is unlikely to affect global gold purchasing demand, as central banks of various countries continue to diversify their foreign exchange reserves by purchasing gold.

Will the gold $Gold - main 2406(GCmain)$ $VanEck Gold Miners ETF(GDX)$ price continue to rise?

Renowned investor Frank Justera believes that the surge in international gold prices is due to "existential issues," whether economic problems or geopolitical conflicts. The global debt problem, currently represented by the United States, is unprecedented in human history, and the continuous growth in gold demand and price increase serve as significant warning signals.

Justera is not the only investor who believes that the economic problems in the United States are worsening.

David Einhorn, President and Founder of Greenlight Capital, points out that gold is an important tool for hedging economic uncertainty. Both U.S. monetary and fiscal policies have problems, and the fiscal deficit will eventually lead to a crisis.

Independent analyst Lv Chao stated that under the influence of continuous rise, the current gold market is in a fully bullish atmosphere, demonstrating the characteristics of a gold bull market. Against the backdrop of escalating geopolitical tensions, the demand for gold is also heating up. He believes that the upper limit of this round of rise is at $2500 per ounce, and a phase adjustment may occur only after the international gold price hits that level.

As the certainty of future interest rate cuts in developed countries such as the United States increases, investors are accelerating their entry into the gold market to hedge against currency circulation and stubborn inflation.

In addition to traditional gold exchange-traded funds (ETFs), central bank purchases, and physical consumption, since February, the market has added more than 400 tons of long positions in gold, leading to a continuous rise in the international gold price in the short term, triggering sentiment-driven trading with higher targets, and some investors are starting to chase after the rise. He believes that driven by emotions and speculation, the international gold price still has the possibility of reaching new highs in the short term, but the volatility in April will intensify. He advises investors to adjust their mindset and navigate carefully for the long term.

It is also worth noting that this round of upward momentum not only includes the international gold price but also sees the international silver $Silver - main 2405(SImain)$ price rise to $27 per ounce. Analysts at TD Securities believe that the international silver price may be in a long-term upward trend.

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