Gold has hit ATH over last few months and will look to target 2900 with several interesting drivers:
1. BRICS meeting end of Oct that will discuss new monetary unit, comprising up to 40% gold.
2. FED rate cut of at least 25bps , cementing the easing cycle continuing - all good for commodities, especially precious metals.
3. US elections uncertainty and support for economy boosted by liquidity injections.
I am Long ETF miners and GLD/SLV in anticipation of the strong moves over the next couple of weeks.
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- Simplyff·2024-10-22贵金属将在低利率环境下表现良好，因为机会成本要低得多，但当然最令人担忧的是通货膨胀，随着法定货币购买力的下降，贵金属将保值。LikeReport
- FabianGracie·2024-10-22Wow, it seems like gold has a lot of bullish factors in its favor right now.LikeReport