Sheng Bao Bank: Gold prices may touch $2500 due to weak economy

On August 4th, Jinshi Data reported that Ole Hansen, head of commodity strategy at Shengbao Bank, said that if economic data continues to weaken, the spot gold price could quickly reach the $2500 mark. The prospect of a Fed rate cut, coupled with ongoing geopolitical tensions, rising debt concerns, and new demands from central banks and ETF investors, is expected to further support and pump up the gold price.

OLE-3.23%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)