Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

BiyaPay Analyst: After two weeks, gold returns to $4100, with institutions loudly targeting $5300

robot
Abstract generation in progress

Deep Tide TechFlow News: On November 11th, driven by the easing of the U.S. government shutdown risk and rising expectations of fiscal stimulus, gold prices rebounded strongly. In the early hours of November 11th, COMEX gold futures rose by 2.83%, reaching $4,123.40 per ounce, hitting a nearly two-week high. The “$2,000 dividend per person” plan proposed by Trump, along with expectations of tax cuts, strengthened market bets on loose fiscal policies. Coupled with a weakening dollar and rising geopolitical risks, capital is rapidly flowing back into safe-haven assets.

BiyaPay analysts believe that gold prices have entered a strong upward channel, with short-term fluctuations possibly consolidating. JPMorgan Private Bank forecasts a medium-term target range of $4,800 to $5,300. In the macro environment of high inflation and expansive fiscal policies, gold is once again becoming a safe haven for global funds. Investors can follow BiyaPay platform to trade US stocks, Hong Kong stocks, and futures markets using USDT, and take advantage of zero-fee digital currency spot contracts to seize the asset appreciation opportunities in the inflation era.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)