Core Bullish Logic
The Federal Reserve's interest rate cuts + large-scale bond purchases, coupled with inflation issues, are driving capital into gold and other commodities; the safe-haven properties of gold and the high return rates of silver are increasing overall attention on precious metals, with central banks, investment funds, and pension funds optimistic about the future of gold prices.
Bullish and Bearish Expectations Data
• Analysts: 85% bullish, 15% neutral, no bearish
• Retail Investors: 71% bullish, 11% bearish, 18% neutral
Technical Analysis and Risk Warning
• Bullish Target: Break through $4433 per ounce; Bearish Target: Fall below $4200 per ounce
• Risk Point: The Bank for International Settlements warns that there may be a bubble in the gold market, and attention should be paid to the risks following sustained price increases.