Investor Garden

in mourning for the former President of the United States, CME will be closed specially

Dear customer: The European Winter Time will start on October 30th (Monday), and the trading hours of various European exchanges (LME and Eurex) will be postponed by one hour for opening and closing.

Dear customer: Hello! According to the increase in trading fees by CME Group, our company will raise the corresponding product handling fees from February 1, 2024. The details are as follows:

On August 14th, COMEX gold prices experienced a significant pullback during trading, ultimately closing at $2486.0 per ounce, with a daily decline of 0.87%. At the same time, the Shanghai Futures Exchange (SHFE) gold market in China also showed a volatile downward trend in night trading, with a closing price of $563.50 per ounce, a decrease of 0.82%.

This week, the price of gold rose strongly due to the influx of safe haven funds, reaching a high of $2478 at one point, but later failed to hold onto the upward trend and gradually fell back to fluctuate around $2455.50 on Friday. The market sentiment is generally optimistic about the upcoming interest rate cut in the United States, and investors are eagerly anticipating next week’s speech by Federal Reserve Chairman Powell, hoping to capture a clear signal about the magnitude of the rate cut.

This week, the gold market experienced an unprecedented violent fluctuation, with its trend as thrilling as a roller coaster. After hitting a historical peak of $2483.60 per ounce, gold unexpectedly encountered a fierce impact from profit taking, plummeting more than 2% in a single day on Friday and finally closing at $2399.27 per ounce, sending a shockwave to the market. At the same time, precious metals such as silver, platinum, and palladium have also fallen into a weak trend, and the entire precious metal sector seems to be shrouded in an uncertain cloud.

This week, the gold market experienced a thrilling fluctuation, and the price of gold showed resilience amidst the emotional vortex of investors. Despite the intense price fluctuations during the week and a slight correction in overall trend, market participants still hold an optimistic outlook for the long-term appreciation potential of gold.

Amidst the global economic fog, the market dynamics of gold, a long-standing safe haven, have undoubtedly become the focus of investors’ attention. This week, the gold market experienced a magnificent market trend, with gold prices showing signs of rising amid expectations of a Federal Reserve interest rate cut, causing global investors’ nerves to tighten.