Jake Hanley, CMT’s Post

Gold's Meteoric Rise: What’s Next for Investors? Gold prices have surged to a record high of $2,740.40 per ounce, with year-to-date gains of 32%. This growth, driven by U.S. political instability, geopolitical tensions in the Middle East, and global central banks’ easing policies, has propelled gold to be a top performer this quarter. With these strong tailwinds likely to continue supporting prices, is gold the ultimate safe haven asset for the rest of 2024? How should investors adjust their portfolios in light of these developments? Spot gold is currently up 0.5%, trading at $2,735 per ounce. What’s your strategy in this uncertain environment? Let’s discuss #forex #trading #investing #metal #commodities

🔔 Soaring Gold Prices Alert! 📈💰 The gold rush is on as prices soar to dizzying heights! 🪙✨ Fueled by Fed policy shifts and geopolitical tensions, global gold prices have been on a relentless rise, reaching all-time highs. 🌍 In the past month alone, gold has surged by a whopping 9% - the most robust monthly growth since July 2020! 📈 While the glitter of gold may be tempting, stay vigilant against illegal platforms looking to trap unsuspecting traders. 🚨 WikiFX is here to guide you through the market maze, helping you navigate safely and avoid scams. Click for in-depth tips to capitalize on the soaring gold rush responsibly: https://lnkd.in/gDS6pzU8 Choosing brokers with WikiFX for safer forex investment!💫 #GoldPrices #PreciousMetals #MarketAnalysis #InvestmentGuidance #WikiFXInsights #TradingSafely #XAUUSD #xauusdsignal

Key Factors Behind Gold's Record-Breaking Performance Gold is surging past $2,650 as global demand, Fed policies, and geopolitical tensions support its rise. Discover why betting against gold may be risky and how the XAUUSD could hit 2700. https://lnkd.in/ekBnhDeT #GoldPriceForecast #GoldMarketUpdate #XAUUSD #GoldDemandIndia #PreciousMetals #FedMonetaryPolicy #SafeHavenAssets #GoldETF #InvestmentStrategy #GoldRally

Gold continues to be in flight mode 🚀 Gold hit a record high yesterday — and again this morning as bulls strengthen their ground.📈 Part of this is about investors looking for an inflation hedge as US job markets continue to be incredibly robust.🛡️But another long term aspect is about a broader feeling that we are entering a de-dollarization era in which investors will need to hedge against dollar assets as economies gradually shift away from trading in dollars. ✍️ 🐂❓Economists now believe gold is on a proper bull run that would last for several years as dollar assets corrected and other global currencies, including the yen and the euro, gained steam. Some note the way in which China was buying gold and selling Treasuries reflected the shift in global currency regimes in the decades leading up to the 1980s. This won’t favour dollar assets. Do you agree with this view or do you expect a more significant correction in gold prices⁉️Comment below👇 #gold #bull #run #markets #investing #dollar #labourmarket #inflation #economy #commodities

From our friends at the World Gold Council.....Venturing into uncharted price territory, gold prices reached new heights in March, finishing 8.1% higher at US$2,214/oz by the end of the month. The strong return was reflected across all major currencies, thanks to a flat US dollar. But what were the driving forces behind this rally? According to our Gold Return Attribution Model (GRAM), Risk and Momentum factors were behind the move higher. Gold's implied volatility, which shot up during March, was particularly instrumental. Meanwhile, the Geopolitical Risk (GPR) index moved higher again, as geopolitical tensions convulsed across several fronts. From a macro perspective, despite heady markets and a soft Fed, there was an important crossover in US data surprises suggesting stagflation risks might be on the rise again, a supportive development for gold prices. Overall, we remain optimistic and look forward to seeing how gold prices continue to perform in the coming months. #goldprices #investment #finance

Gold prices rose to a high of $2200 from a low of $2167 yesterday. The price formed a bullish candlestick with a long shadow on the top candle, an indication that the price was trying to rise but was stuck at the $2200 level. According to CNBC, the rise in gold prices was triggered by Russian geopolitical tensions. On the other hand, market players are waiting for the latest US economic data for guidance on future Fed policy. #gold #xauusd #safehaven #ticktrader

From our friends at the World Gold Council.....Venturing into uncharted price territory, gold prices reached new heights in March, finishing 8.1% higher at US$2,214/oz by the end of the month. The strong return was reflected across all major currencies, thanks to a flat US dollar. But what were the driving forces behind this rally? According to our Gold Return Attribution Model (GRAM), Risk and Momentum factors were behind the move higher. Gold's implied volatility, which shot up during March, was particularly instrumental. Meanwhile, the Geopolitical Risk (GPR) index moved higher again, as geopolitical tensions convulsed across several fronts. From a macro perspective, despite heady markets and a soft Fed, there was an important crossover in US data surprises suggesting stagflation risks might be on the rise again, a supportive development for gold prices. Overall, we remain optimistic and look forward to seeing how gold prices continue to perform in the coming months. #goldprices #investment #finance

Gold hitting 2687.500 means it has broken a key resistance level, indicating strong demand. This could be driven by factors like economic uncertainty, inflation concerns, or geopolitical events. If the price holds above this level, it may signal a bullish trend, but a pullback could also occur. Traders will watch for further moves. #GoldPrice #MarketHigh #GoldTrading #BullishTrend #GoldBreakout #PreciousMetals #Investing #EconomicUncertainty #SafeHaven #CommoditiesMarket

#Gold prices have surged due to a combination of geopolitical tensions and falling interest rates. The ongoing Israeli-Palestinian conflict, Russia-Ukraine war, and tensions between the US and China have driven investors to seek gold as a "safe haven" asset, pushing its price higher. Additionally, the Fed's recent interest rate cuts further boosted gold. As rates dropped sharply in August following signs of cooling inflation, gold prices saw a 7.7% jump between August and September. Where will it end? The steady rise in gold prices has caught everyone’s attention, with analysts predicting it could reach $3000 due to ongoing geopolitical tensions, upcoming rate cuts, and moves to diversify FX reserves. However, as more investors pile into gold, the risks of a sharp downturn increase. Historically, when gold loses momentum, the drop can be swift. If you're considering investing in gold now, proceed with caution— the current uptrend may not last forever.

The KobeissiLetter @KobeissiLetter on X #Gold is often viewed as the best hedge against #inflation. This is why gold prices typically lead a surge in #CPI inflation, which usually lags reality. On top of this, gold markets are weighing a potential hard landing and major geopolitical tensions around the globe.