• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: Colombia has raised benchmark prices for gasoline and diesel.The Russian Foreign Ministry announced it will issue a travel warning, reminding Russian citizens of the risks of traveling to countries that have extradition treaties with the United States.On April 1st, it was reported that on March 31st, the Peoples Bank of China, the Ministry of Science and Technology, the State Financial Regulatory Commission, and the China Securities Regulatory Commission jointly convened a meeting to exchange and promote science and technology finance. The meeting emphasized that the "15th Five-Year Plan" period is a crucial period for building a strong science and technology nation, and science and technology finance should provide higher-quality services to support this goal. Relevant departments and institutions should work together to continuously improve the science and technology finance working mechanism and solidly advance all key tasks for the year. They should continue to strengthen coordination and interaction among relevant departments, local governments, and financial institutions, expand information sharing, accelerate the construction of a technology factor market, and improve the efficiency of financial resource allocation. They should enhance the professional capabilities of science and technology finance services and enrich financial products adapted to the characteristics of high-tech fields. They should leverage the role of policies such as relending for technological innovation and technological upgrading, the pilot program for equity investment by financial asset investment companies, M&A loans, and the "technology board" in the bond market to promote more precise allocation of financial resources to the field of technological innovation.The European-Mediterranean Seismological Centre reports a 6.2-magnitude earthquake in northern Peru.U.S. mortgage rates rose for the fourth straight week, reaching their highest level since August of last year, dampening refinancing and homebuying activity. Data released Wednesday by the Mortgage Bankers Association showed that the 30-year mortgage contract rate rose 14 basis points to 6.57% in the week ending March 27. Over the past four weeks, the rate has risen by nearly 0.5 percentage points, the largest increase since 2024. The associations mortgage application index fell for the second straight week, while the refinancing index declined further by 17.3%. Mortgage rates, which are linked to U.S. Treasury yields, have surged following concerns about rising inflation triggered by the Iran war. Lower borrowing costs at the beginning of the year had provided support for the weak housing market, but this benefit has largely faded.

Gold Prices Trend Forecasts 2024

TOP1 Markets Analyst

Jan 16, 2024 17:11

According to the latest analysis by Greg Shearer, head of global commodities research at JPMorgan Chase, the outlook for the gold market is promising, with the average gold price expected to reach approximately US$2,175 per ounce in the fourth quarter of 2024. He believes that the U.S. central bank may begin to lower interest rates in mid-2024, and once the U.S. economy experiences a recession, gold will have greater room to rise. The weaker the U.S. economy is, the deeper the rate cuts will be, which will provide stronger support for gold. Sourcenia is a review portal of sourcing best manufaturers


French Bank Wealth Management's latest bi-weekly report: Gold is bullish! The central banks of emerging markets are rushing in, the US dollar is weakening, and real yields are falling. These are all bullish factors. The price of gold is expected to climb to between US$1,950 and US$2,050 per ounce.


In a recent interview with the media, Pierre Lassonde, the honorary chairman of the French Nevada Mining Company, boldly predicted that the U.S. dollar will weaken in 2024, and gold will usher in a wave of gains. He said the U.S. dollar and gold move in opposite directions, so a peak in the U.S. dollar means gold is bullish. He believes this is an important reason why he is optimistic about gold prices in 2024.