XGD ISHARES S&P/TSX GLOBAL GOLD IND ETF UNIT
- 25.850
- -0.100-0.39%
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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.
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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.
The central bank is accelerating its accumulation of Gold, ETF funds are flowing back, and the value of safe-haven assets is rising… Gold is facing favorable conditions!
Deutsche Bank believes that despite the pullback this week, the bullish fundamentals for Gold remain strong, and it is expected that gold prices will rise to $3,350 per ounce by the end of the year. Traditional pricing models based on the dollar, real interest rates, and risk sentiment have become difficult to explain the trend of gold prices; Gold may have entered a "new normal" driven by structural factors, especially the central bank Bid.
China has increased its Shareholding in Gold for five consecutive months.
As of the end of March, China's Gold reserves were 73.7 million ounces, compared to 73.61 million ounces at the end of February, an increase of 0.09 million ounces or 0.15%. As of the end of March 2025, the country's Forex reserves amounted to 3,240.7 billion USD, an increase of 13.4 billion USD from the end of February, a rise of 0.42%.
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Royal Gold Analyst Ratings
Newmont Analyst Ratings
Anglogold Ashanti Analyst Ratings
Toronto Stocks Slide as Trump Tariffs Sow Chaos; Dollarama Shares Rise
Shares of Precious Metals Stocks Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Silver and New York gold experienced a major shock as Trump's tariff exemptions concluded 80 billion dollars "Precious Metals migration."
In the past few months, due to concerns among traders about how Precious Metals would be affected by tariffs, New York futures Gold experienced a significant premium over benchmark prices, stimulating large-scale arbitrage trading. As Gold, Silver, Platinum, and Palladium were exempt from tariffs, the arbitrage trading reversed, leading to a rapid and significant narrowing of the price difference between New York futures Gold and spot Gold, while the Silver market experienced a sharp decline in the "physical delivery price difference."
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Express News | Spot Gold Hits Record High at $3,160.52/Oz