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Amidst geopolitical tensions last week and an upsurge in Japanese government bond yields before the weekend, there may be a spike in safe-haven demand, bringing gold prices to above USD5,000 per ounce, Goldman Sachs said in a research report. These concerns are still evolving, and Japan's policy uncertainty may persist until...
Recommend
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Positive
33
Negative
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The market kept tabs on the Fed's interest rate decision, as the USD Index (DXY) sank to a nearly four-year low. Combined with factors such as ETF, central banks wrestling for gold, and geopolitical situations, spot gold surpassed the USD5,200 mark this morning (January 28, Hong Kong time), peaking at USD5,202 per ounce. It ...
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Positive
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Morgan Stanley's report stated that the gold price topped its forecast of USD4,750 per ounce for 2H, yet having not peaked, given geopolitical risks, positive signals from central banks, and ETF buying. The broker specifically highlighted a target price under bull case: USD5,700 per ounce in 2H. Silver price showed strong mo...
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BOCI China believed that the US's introduction of “reciprocal tariffs” can be deemed as a policy measure to curb the global US dollar cycle, reflecting the US government's choice to fortify American hegemony at the cost of sacrificing US dollar hegemony when facing the “Triffin dilemma”. In this s...
Recommend
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Positive
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Goldman Sachs has raised its year-end gold price forecast from USD4,900 per ounce to USD5,400 per ounce, given increasing demand from private investors and central banks.In Goldman Sachs' estimate, central banks will purchase 60 tons of gold per month this year. Meanwhile, the Fed rate cuts will also ramp up the scale of gol...
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