Golden Data September 19th News, the price of gold rebounded on Thursday, Alex Ebkarian, Chief Operating Officer of Allegiance Gold, said: The market is considering larger and more rate cuts because the United States has fiscal and trade deficits, which will further weaken the overall value of the dollar. When you consider geopolitical risks, current deficits, low yield environment, and the softening of the dollar in the United States, all these factors combined are the reasons for the pump in gold. In our view, this uptrend may go even further. Our target is to reach $2700 per ounce by mid-2025. In addition to short-term risk-driven factors, we expect the demand for gold ETFs to increase in the coming months.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
