Gold hits $2800 yesterday. The precious metal has risen 34% YTD.
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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?
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
Gold Chartbook — 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
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
$GLD 20241115 257.0 CALL$$SPDR Gold Shares(GLD)$ $Gold - main 2412(GCmain)$🔺🅱️🆄🅻🅻🅸🆂🅷📈 I opened positions in this call. 🌟🌟🌟📈📈📈 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
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
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)$
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.
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.
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, we’re already up 22%, signaling a possible pullback to the $2600 area.
🎁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?🎁Special Notes: Whoever showed up on the” What the Tigers Say” 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, “We will keep the US dollar as the world’s reserve currency. It is currently under major siege. Many countries are leaving the dollar.
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
🎁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?🎁Special Notes: Whoever showed up on the” What the Tigers Say” 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, “We will keep the US dollar as the world’s reserve currency. It is currently under major siege. Many countries are leaving the dollar.
Gold Chartbook — 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
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
Gold vs. Gold: GOLD.AU vs. QAU.AU – Which Should Aussie Investors Pick?
The allure of gold has captivated investors for centuries, and in recent years, the yellow metal has seen a resurgence in popularity. As of October 2024, gold prices have reached record highs, with spot prices surpassing $2,700 per ounce. Analysts predict that gold could continue its upward trajectory, potentially reaching $3,500 by 2025. As a safe-haven asset, gold has been sought after during times of economic uncertainty and market volatility. In Australia, two prominent gold exchange-traded funds (ETFs) have emerged: GOLD.AU ( $ETFS Physical Gold(GOLD.AU)$ ) and QAU.AU ( $BETASHARES GOLD BULLION ETF(QAU.AU)$ ). This article will delve into the recent trends in the price of gold, the key differenc
Have you ever heard elders say, "Buying gold is a way to secure your wealth"? While investing in stocks or real estate might seem more lucrative, many older individuals remain steadfast in their commitment to gold. Investing in Gold, Yes or No? After purchasing gold, it's common for these elders to store it away in bank safety deposit boxes, incurring annual management fees. At first glance, this may seem counterproductive. However, decades later, even if the gold remains the same physical piece, its value can grow significantly, allowing it to be exchanged for much more cash. This enduring appeal of gold is indeed captivating. In fact, this year, the biggest gains haven't come from stocks or bonds but from gold! The S&P 500 index rose by 23%, while long-term government bonds declined
Gold $Gold - main 2412(GCmain)$ is starting to come on the radar for more and more people (after rallying some 60% off the October 2022 low), with financial pundits, hedge fund billionaires, and even mainstream media starting to talk louder about the shiny metal.But what’s gold got going for it anyway? And after rallying more than 30% YTD, has gold got anything left in the tank — are we too late?Central Bank Buying: around the world central banks have been buying up gold (diversifying reserves, managing risks), the last 2 years saw more gold purchased by central banks than the previous 5 years combined.Geopolitics (1): first, there are numerous geopolitical hotspots threatening to boil-over (Russia vs Ukraine/Europe, Iran vs Israel/US, North v
On Friday, U.S. stocks surged to new highs as investors looked to the upcoming earnings reports to justify their bets on a soft economic landing.For the sixth consecutive week, U.S. stocks climbed, with the $.DJI(.DJI)$ and the $.SPX(.SPX)$ hitting new records. The Dow rose 0.96% this week, the S&P 500 gained 0.85%, and the $.IXIC(.IXIC)$ was up 0.8%.This marks the 47th record high for the S&P 500 this year. Despite lowered expectations for third-quarter earnings, investors are betting on yet another earnings season surprise. Analysts predict the weakest earnings growth in four quarters at 4.3% year-on-year, but forward guidance suggests a much stronger
$SPDR Gold Shares(GLD)$$Barrick Gold Corp(GOLD)$$Gold - main 2412(GCmain)$ 🔺𝕭𝖀𝕷𝕷𝕴𝕾𝕳 🔺When (GLD) Moves 🔺📈🔺 Investors should Listen👂 Gold’s Potential Surge: Preparing for a Golden Opportunity 📈💰🎯$280 The Case for Gold’s Resilience Kia ora Tiger traders! Gold has long been considered a haven asset during times of economic volatility, but recent trends and technical analysis suggest that this might be more than just a safe bet, gold could be gearing up for a significant bull run into the end of the year. The chart analysis from SPDR Gold Shares ETF (GLD) illustrates a compelling case for a buy-and-hold strategy. With the current price at $238.62 and
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
Will gold prices hit another all-time high in 2024?
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 Outshines Tech Stocks with 32% Gain: What's Driving the Gain?
The Inflation Time Bomb: How Reduced immigrants May Spark Price Hikes. $Gold - main 2412(GCmain)$ $Gold - Oct 2024(GC2410)$ $SPDR Gold Shares(GLD)$ This article is written by Shernice, if you like my article please hit the like button. This year, gold prices have risen by an impressive 32%, outpacing even the average gains of tech stocks. For instance, the QQQ index has only increased by about 20%, while the S&P 500 has seen a rise of around 22%. This trend suggests that while U.S. equities are reaching new heights, there's also a significan
Gold Breaks $2,700: What’s Driving the Surge and Is There More Room to Run?
Since the beginning of this year, gold prices have been on a consistent upward trend, repeatedly hitting record highs. Gold prices surpassed $2,700 per ounce for the first time, outperforming the broader market index with a year-to-date increase of over 30%, while the S&P 500 has only gained 22%. The heightened tension surrounding the U.S. election and the escalating geopolitical unrest in the Middle East have fueled the demand for gold as a safe-haven asset. A loose monetary policy environment and central bank gold purchases have also contributed to gold's shine.The rise in gold prices is primarily driven by the following four factors:Increased Safe-Haven Demand Due to U.S. Election UncertaintyThe upcoming U.S. election, marked by the intense competition between Kamala Harris and Dona
Is Gold going to have an 'I love you 3000 moment'? Gold prices have surged to $2,700 per ounce, a milestone that signals a significant shift in global financial markets. As investors flock to safe-haven assets amidst geopolitical instability, inflationary pressures, and economic uncertainty, many are asking the critical question: could gold hit $3,000 per ounce in the near future? Why Gold is Soaring Several key factors have contributed to the recent spike in gold prices: 1. Inflation Hedge: Inflationary concerns have plagued global markets, as central banks around the world continue to grapple with rising prices. Investors often turn to gold as a hedge against inflation because of its historical stability in preserving value. With inflation continuing to outpace interest rates, the
Gold’s recent surge to more than $2,700 per ounce has taken the market by storm, igniting conversations about whether the precious metal can touch the psychologically significant $3,000 level in 2024. I see this rally not only as a reflection of underlying macroeconomic factors but also as a strategic opportunity for those prepared to manage risks effectively. Let’s walk through how I’m positioning myself and what key factors could propel (or hinder) gold from reaching that milestone. From $2,100 to $2,700 in less than a year—gold’s nearly 30% surge reflects several converging forces. Here are the major drivers behind this rally: Geopolitical Risks: The ongoing geopolitical tensions, particularly between the U.S., Russia, and China, have heightened the demand for safe-haven assets. With th
Gold Prices on the Move – Should You Add Barrick Gold to Your Portfolio?
Overview Gold prices $XAU/USD(XAUUSD.FOREX)$ have shown some volatility in recent days, responding to mixed U.S. inflation and employment data, and Federal Reserve officials’ comments on the rate outlook. As the market continues to speculate about a potential 0.25% interest rate cut, gold prices experienced a brief dip but later stabilized. The key question for investors now is whether to add to gold-related stocks such as Barrick Gold$Barrick Gold Corp(GOLD)$ , especially as the price of spot gold rebounds and investor sentiment on interest rates remains largely unchanged. Gold Price Movements Spot Gold Price Recovery
Gold Prices Face Pressure as Rate Hike Fears Resurface: Should You Add to Barrick Gold Stock?
Overview of Gold Market Movements Gold prices $XAU/USD(XAUUSD.FOREX)$ have recently experienced their largest single-day drop in a month and a half, driven by renewed concerns over interest rate cuts by the Federal Reserve (Fed). On Tuesday (Oct 8), spot gold fell by 1.1% to $2,614.49 per ounce, marking its fifth consecutive day of decline. December gold futures also dropped 1.1%, closing at $2,635.40. This decline has pulled gold further away from its September 26 record high of $2,685.42. As the Fed's monetary policy becomes increasingly scrutinized, should investors consider adding to their position in Barrick Gold$Barrick Gold Corp(GOLD)$ ? Impac
$GLD 20241115 257.0 CALL$$SPDR Gold Shares(GLD)$ $Gold - main 2412(GCmain)$🔺🅱️🆄🅻🅻🅸🆂🅷📈 I opened positions in this call. 🌟🌟🌟📈📈📈 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
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. $Barrick Gold Corp(GOLD)$ $FUT:Gold - main 2412(GCmain)$ $SPDR Gold Shares(GLD)$
Gold Prices Near Record Highs: Is Barrick Gold a Good Buy Now?
Overview Gold prices $XAU/USD(XAUUSD.FOREX)$ are on the rise once again, supported by safe-haven demand amid growing geopolitical tensions in the Middle East. Investors are also turning their focus to the upcoming U.S. nonfarm payrolls (NFP) report, which could shape the Federal Reserve's future interest rate moves. With gold reaching record levels, should investors consider adding Barrick Gold $Barrick Gold Corp(GOLD)$ stock to their portfolio? Safe-Haven Demand and Geopolitical Uncertainty Gold has always been regarded as a safe haven during times of political and financial uncertainty, and the current geopolitical b