Ahmedabad Wealth Management：Gold price ＂Cyclonus＂ is innovative!

The price of gold is "soaring."Ahmedabad Wealth Management

On July 16th local time, the London spot golden market hit a $ 2469.74/ounce of $ 2, and the main contract of Comex Gold Futures reached a record high of $ 2474.5/ounce.

As of 10:30 on July 17th, the spot of spot gold in London once hit a record high of $ 2482.21/ounce.

Driven by the rise in international gold prices, the golden prices that are closer to ordinary consumers and the gold prices at RMB are also rising.

Data from the Mumbai Gold Exchange show that on July 17, the real -time price of Gold AU9999 exceeded 580 yuan/gram at a time, a new high of the year.

The "Outlook for the Global Gold Market in 2024" released by the World Gold Association shows that the gold performance of gold in 2024 was particularly eye -catching. In the first half of this year, gold prices have risen 12%, leading most of the major assets.Guoabong Wealth Management

MsAgra Investment. Li, a financial consumer who opened a gold account in a certain shareholding, told the reporter of the Bank of India Insurance that she invested in a gold product invested at a price of 397 yuan/gram in February 2022. The current unit price has beenIt rose to 581.04 yuan/gram, which was a recent investment that was relatively successful.

Gold is popular

From the perspective of analysts in the industry, recently, the Fed’s continuously strengthening interest rate cuts, the geopolitical risks of heating up, and the gold purchasing power shown by the global central bank are important factor to promote the rise in gold prices in this round.

Researcher Liang Si, a researcher at the Indian Research Institute, pointed out to the reporter of the Bank of India that the US CPI in June increased by 3.0%year -on -year, a narrowing of 0.3 percentage points from the previous month, and a decrease of 0.1%month -on -month.The core year -on -year growth rate has reached a new low of 3 years.To this end, the Fed has further released the pigeon signal, and the interest rate cut is expected to rise."Considering that the price of gold is usually negatively related to the actual interest rate of the United States, the expected expected interest rate cut has promoted the price of gold." Liang Si introduced.

Zhang Wen, a researcher at CITIC Futures Macro and Commodity Strategy Research Team, said in the research report that from the perspective of U.S. inflation data, the Federal Reserve has a high probability of interest rate cuts in September, and the follow -up interest rate cut may be more than once. This factor has strongly boosted precious metals.price.

Since the beginning of this year, the global central bank has continued to purchase funds, and its strong purchasing power has also promoted gold prices.

The Global Central Bank Gold Reserve Survey report released by the World Gold Association in June shows that among the 70 central banks in the world who have been investigated in the world, more than 80 % of respondents expect the total global official gold reserves to continue to grow in the next 12 months.A record of the 2019 World Gold Association has carried out the project’s survey in 2019.

The motivation for the central bank’s continued purchase of gold mainly includes improving the level of gold strategic reserves and the risks of hedging financial markets.

Liang Si said that in recent years, the global political pattern has become more complicated, and international conflicts have continued to intensify, which has caused risk aversion in the market.In this context, gold as a generally recognized asset of risk -free assets is widely favored by various subjects.

Gold "bull market" may continue

Looking forward to the second half of the year, after the price realization of the price, the golden "bull market" is still possibly possibly, but the risk of callbacks may not be ignored.

The World Gold Association believes that the probability of golden growth in the second half of the year comes from interest rate cuts from developed economies, which is expected to attract Western investors to enter the gold market.

In addition, under the intense geopolitical situation, global stock markets may fluctuate, and global investors need to seek risk hedging methods, which also provides continuous assistance for the gold market.

However, the prospects of gold are not completely "bright".The demand for the central bank’s purchase of funds has dropped sharply or a large number of Asian investors’ profits can make gold performance frustrated.

Looking forward to the trend of gold prices, Liang Si said that in the absence of geopolitical risks, the heating up of the Federal Reserve ’s interest rate cut, and the major central bank may continue to increase the holding of gold reserves, the probability of callback from gold prices is less.If the Federal Reserve cuts interest rates in the second half of the year, it will bring support to the price of gold.

CITIC Futures’s "2024 Premium Metal Strategy Report" predicts that by the end of 2024, the price of more gold is to $ 2,600/ounce, and silver is up to $ 35/ounce.

Nagpur Investment