Breaking through 3,000 dollars is just the beginning: when the world no longer "works together", the Gold bull market has just begun.
The recent surge of Gold reaching historical highs has led market participants to point out that the nature of this round of increase and its sustainability are vastly different from 45 years ago.
Trump Tariffs Take a Bite Out of the Soaring Gold Price. Is This the End of Bullion's Record Rally?
The drop in gold prices offers an excellent buying opportunity! Goldman Sachs maintains its year-end target price expectation of $3,300.
① The global market sharply declined on Monday due to tariff risks, and gold prices also fell below $3,000, down 4.9% from this year's historical highs; ② Analysts at Goldman Sachs believe that the drop in gold prices presents a buying opportunity and maintain their forecast for gold prices to surpass $3,300 per ounce by the end of the year; ③ Goldman Sachs points out that macroeconomic risks, low investor Hold Positions, government reciprocal tariffs, demand from Emerging Markets central banks, and inflows into Gold ETFs will support gold prices.
Update: Gold Falls as the Dollar and Yields Climb Amid Market Turmoil
As Gold falls below 3000, Wall Street continuously issues reports: tariffs support, and gold prices will rise again!
Wall Street believes that the current risk of a Global trade war and geopolitical uncertainty will provide strong support for Gold prices. Goldman Sachs maintains its expectation that Gold prices will exceed 3,300 dollars by the end of the year, while Deutsche Bank expects Gold prices to reach 3,350 dollars per ounce by year-end. HSBC has raised the Target Price for Gold, predicting that central bank purchases of Gold and Inflows into safe-haven ETFs will be the core driving forces pushing Gold prices higher.
Is it time to buy Gold in chaotic times? The trading volume of colored theme ETFs has increased, and Futures are also diverging. How should the signals for stopping the decline be determined?
① Many Gold ETFs and Non-ferrous period ETFs have seen a surge in trading volume, with the highest transaction exceeding 8 billion yuan; ② With continuous Shareholding by the central bank and rising demands for hedging, the Non-ferrous themed ETFs are still worth watching, and the medium to long-term trend of gold prices remains unchanged.
