anthitnguoigay
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Summary:
Gold jumped 6.59% last week, closing at $3,237/oz and reaching an all-time high of $3,245/oz, driven by:
Investor movements:
Capital flows out of stocks and cryptocurrencies, into safe-haven assets such as Gold and JPY, with strong support from weakening U.S. economic indicators and unstable geopolitical conditions.
Gold jumped 6.59% last week, closing at $3,237/oz and reaching an all-time high of $3,245/oz, driven by:
- US-China trade war escalates
- Global recession fears
- USD depreciates
- Growing expectations of interest rate cuts from the Fed
Investor movements:
Capital flows out of stocks and cryptocurrencies, into safe-haven assets such as Gold and JPY, with strong support from weakening U.S. economic indicators and unstable geopolitical conditions.
- Wall Street analysts: 94% bullish on gold next week (Kitco survey)
- Retail traders: 69% expect further price increases
- Wednesday: Fed Chair Powell's speech and the BoC's interest rate decision
- Thursday: ECB policy meeting + US data (unemployment claims, housing, Philly Fed)
- Ongoing: U.S.-China tariff war (145% vs. 125%)
- Scenario 1 (Likely): Decline to $3,165–$3,170 → rebound to $3,300
- Scenario 2: Deeper decline to $3,117–$3,125 → recovery
