Is a quick pullback in Gold a good opportunity to build a position? The fund manager bluntly stated: It is much more reliable than the US stock market!
①This week, gold prices in Shanghai fell after rising for seven consecutive weeks, with international gold prices dropping from a historic high of $3,509.9 per ounce to around $3,300; ②Some Fund managers suggest that investors take advantage of the pullback to gradually build up gold positions, emphasizing that gold has significant upside potential in the long term; ③It was pointed out that global financial market issues have already involved sovereignty, and the only way to resolve sovereign risk may be through physical gold.
How to understand the adjustment of Gold in this round?
Deutsche Bank stated that the recent decline in Gold is mainly due to the rebound of the dollar and the market's overinterpretation of tariff news. The tariff issues in the USA have not yet been resolved, and there remains significant uncertainty about the outlook, therefore the extent of the Gold pullback is limited.
That's right! The gold price will reach 4000 dollars!
Goldman Sachs maintains a "Buy" rating on ZHAOJIN MINING (01818), with the Target Price significantly raised from HKD 17.0 to HKD 27.0.
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