its time to sell
As of February 24, 2025, the gold market continues its upward trajectory, with spot gold prices hovering near record highs. Currently, spot gold is trading at approximately $2,939.91 per ounce, following an all-time high of $2,954.69 reached last Thursday.
The recent surge in gold prices is primarily attributed to a weaker U.S. dollar, influenced by disappointing U.S. macroeconomic data late last week. This depreciation has enhanced gold's appeal as an alternative investment. Market participants are now focusing on the upcoming Personal Consumption Expenditures (PCE) inflation report, the Federal Reserve's preferred inflation gauge, scheduled for release this Friday. Persistent inflationary pressures could lead to sustained higher interest rates, potentially impacting gold's attractiveness.
In response to recent U.S. tariff announcements on trading partners, major banks are transferring significant quantities of gold from London to New York. This movement aims to capitalize on a price differential of approximately $20 per troy ounce between the two markets, mitigating potential losses from gold futures trades. For instance, JPMorgan Chase plans to relocate around $4 billion in gold during February.
Analysts from Goldman Sachs and UBS have revised their gold price forecasts upward, citing strong demand and macroeconomic uncertainties. UBS projects that gold prices could reach $3,200 this year before stabilizing, while Goldman Sachs anticipates prices rising to $3,100 per troy ounce, with potential to hit $3,300 if policy uncertainties, such as
The recent surge in gold prices is primarily attributed to a weaker U.S. dollar, influenced by disappointing U.S. macroeconomic data late last week. This depreciation has enhanced gold's appeal as an alternative investment. Market participants are now focusing on the upcoming Personal Consumption Expenditures (PCE) inflation report, the Federal Reserve's preferred inflation gauge, scheduled for release this Friday. Persistent inflationary pressures could lead to sustained higher interest rates, potentially impacting gold's attractiveness.
In response to recent U.S. tariff announcements on trading partners, major banks are transferring significant quantities of gold from London to New York. This movement aims to capitalize on a price differential of approximately $20 per troy ounce between the two markets, mitigating potential losses from gold futures trades. For instance, JPMorgan Chase plans to relocate around $4 billion in gold during February.
Analysts from Goldman Sachs and UBS have revised their gold price forecasts upward, citing strong demand and macroeconomic uncertainties. UBS projects that gold prices could reach $3,200 this year before stabilizing, while Goldman Sachs anticipates prices rising to $3,100 per troy ounce, with potential to hit $3,300 if policy uncertainties, such as
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.