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《商品》惠理基金:料金價年內再挑戰歷史高位 上望2,800美元

Hui Li Fund: Commodity prices to challenge historical highs again within the year, aiming for $2,800.

AASTOCKS ·  Oct 7 15:52

Henry Fund ETF business senior strategist Zhao Shande stated that the recent direct stimulation of gold prices surge is mainly influenced by geopolitical threats, even though the strong non-farm payroll data just released by the USA and the expectation that the Federal Reserve will slow down its rate-cutting pace in November. Gold prices are still holding steady above $2,650 per ounce, reflecting that current gold prices are more affected by geopolitical factors than interest rate changes. With signs of escalation in the Middle East conflict, gold will continue to benefit from a large number of risk-averse bids, driving inflow of funds into the gold market, and it is expected that gold prices will once again challenge historical highs within the year, aiming for $2,800 per ounce.

In addition, he pointed out that as the US presidential election approaches, the poll results of the two parties are neck and neck, and the uncertainty of the election results will continue to affect traditional capital markets. Investors should respond to volatile market conditions by utilizing precious metals and diversified asset portfolios with lower correlation to risky assets. It is expected that the generous fiscal policies after the election will increase the US budget deficit, causing long-term inflationary pressures. The reckless election promises of both parties are expected to enhance the attractiveness of gold as a hedge and anti-inflation asset, which will overall promote upward movement in gold prices.

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