"Gold up rising" is also hot search. The gold price of the golden market for more than two months has once again "rushed into the rush" again, setting a record high.On July 17, the price of international gold continued to rise. London Gold Spot and the New York Commodity Exchange (COMEX) Gold Futures both broke through the $ 2480/ounce in the market and continued the highest transaction price of history.
On the 17th, the reporter saw at the Dongshan Department Store in Guangzhou that the quasi -priced price of the golden base on that day was reported at 581.8 yuan/gram."The gold price has risen, and we have sold well in the near future. Some customers bought more than 460,000 yuan in gold bars at one time." Dai Chongye, manager of Dongshan Department Store Business Department, said.
Industry insiders pointed out that after a period of consolidation of the price, the expected expected by the Federal Reserve ’s interest rate cutting was pushed. The price of gold is expected to continue to fluctuate, and the golden“ bull market ”may start again.
Gold market demand is strong
Federal Reserve ’s interest cutting expected support for gold prices
On July 17th, the reporter saw a number of golden jewelry stores in Guangzhou that the price of foot gold jewelry in well -known brands such as Chow Tai Fook, Chow Sangsheng, Saturday Fook, Chahongji, and Old Temple Gold was close to 750 yuan/gram.
"As the price of gold rises again, the customer’s demand for purchasing gold is strong, and we have also launched a lot of preferential promotional activities." Dai Chongye pointed out that the summer consumption of summer is lighter than the densely wedding activities, but the daily customer traffic is available.Increasing, the preferences of the consumer group’s physical gold are gradually increasing, and the jewelry and ornaments of the gold counter of the shopping mall are very popular with young people.
In the field of investment, the demand for gold has also continued to be strong.Data show that in the domestic market, the Indian market investors continue to increase their holdings of the Gold ETF Fund. Among them, the Indian market gold ETF inflows in May of about 1.8 billion yuan, which has achieved positive growth for 6 consecutive months.According to the statistics of the World Gold Association, by the end of May, the Gold ETF total assets of the Indian market reached 48 billion yuan, a record high.Indore Investment
The performance of many listed companies in the gold industry has also benefited.According to the recent semi -anniversary preview of 2024, Zijin Mining is expected to increase by 41%to 50%year -on -year net profit in the first half of the year, and Chifeng Gold is expected to achieve a net profit of 124%to 137%year -on -year.
Gold is one of the most eye -catching assets in the field of investment in 2024.Since March this year, gold has set off a new wave of ascension, breaking through $ 2,200, $ 2,300, and $ 2,400.After more than two months of consolidating, why is the offensive of this round of gold reappearing?
"The June CPI data announced on the 11th was lower than market expectations, a year -on -year increase of 0.3 percentage points, and a decrease of 0.1%month -on -month.Golden analyst Lu Chao said that this data has enhanced the market’s expectations for the Fed’s interest rate cut in September and stimulated the investment demand of gold.
Central banks around the world are also buying gold at a rate that has not been seen for several years.According to the latest Central Bank Gold Survey of the World Gold Association, 29%of the world’s central banks said they planned to increase more gold reserves in the next 12 months.The World Gold Association said that this is the highest level since the project began to investigate.
"The first three reasons for central banks to choose gold are the long -term value of gold, the performance of the crisis, and the diversification of the investment portfolio." The World Gold Association report pointed out.
Gold "bull market" is expected to open
Experts remind not to chase the rise blindly
Since the beginning of this year, the price of gold has continued to hover at a high level. Will there be a new wave of upward trend after this round reached a new high?Where will the gold price go next?
Industry insiders have pointed out that the current international gold prices are mainly priced at the US dollar, so they are greatly affected by the US dollar interest rate and Federal Reserve policy. From the historical trend, the international gold price generally has a negative fluctuations with the US dollar index.
Hualian Futures said that since July, the data of the US service industry PMI (manufacturing procurement manager index) and "small non -agricultural" data are lower than expected, and interest rate cuts are expected to rise.
According to the data of the Federal Reserve Observation Tools on July 16th, traders predict the possibility of the Federal Reserve ’s interest rate cut in September 100%.The possibility of 5%~ 5.25%is 93.3%.
China -Thailand Securities believes that the expectations of US interest rate cuts are expected to continue to rise, and the price of precious metals has continued to rise. In the middle and long term, the actual yield of the US remote national debt is at about 2%of historical highs.Under plastic, the price of precious metals will rise to a new height.Kolkata Wealth Management
"The gold price completed the secondary adjustment of the market after the first rush in May, forming a new round of multi -rising trends, and the target of the band points to $ 2,600/ounce." Lu Chao pointed out that gold is expected to get out of a new round of "bull market".Essence
A number of financial institutions have also recently expressed their optimism about gold prices.According to the recent reports of Bank of America and Citi, the price of gold is expected to rise to $ 3,000/ounce, which is nearly 30%of the current increase space.In July, Citi said that the growth trend of gold consumption in 2024 was better, which may promote the spot transaction in the second half of 2024 to reach a record of $ 2400-2600 per ounce. The price of gold targets in mid-2025 in the basis of 2025 was 2800-3,000 US dollars per ounce per ounce.Essence
At this node, is gold still a good investment target, and what risks should investors pay attention to?Song Jiangzhen, a senior researcher at the Southern Gold Market Research Institute of Guangdong, predicts that the rise in this round of rise is expected to continue, but the rise of the rise may decline. It is not recommended that investors blindly chase up.Entry will be more reasonable. Investors should pay attention to controlling investment risks and pay close attention to market developments and policy changes.
Southern+Reporter Zhou Meilin
Mumbai Investment