txscrypto.help Open in urlscan Pro
2606:4700:3034::ac43:93ad  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Please download Trust wallet first
This website is based on Ethernet smart contract operation, please use Trust
wallet browser to access
Search


Announcement on the Upgrade of Close Position Function for Contracts
About the Shapella Upgrade on the Ethereum Network
Announcement regarding temporary network optimization upgrade
Security Announcement Regarding Preventing Phishing and Fraudulent Messages
Announcement Regarding Delisting of Selected Spot Trading Pairs
Quality assurance review
Friendly Reminder
Trade
Gold Trading
Earn
Loan
Demo trading
C2C
Referral
Support
XAU
/USDT
0.02%
2,648.74

BTC
/USDT
4.82%
65,904.70

ETH
/USDT
5.73%
2,610.44

Futures
Forex
Crypto
Favorites

name
Last Price
24H Chg%
XAU
/USDT
2501405501.85K
2,648.74
≈$2,648.74
+0.02%
AHD
AHD
/USDT
1897462090.21K
2,596.85
≈$2,596.85
-1.65%
BO
BO
/USDT
43957362.75K
42.690
≈$42.690
-1.43%
C
C
/USDT
302870551.16K
413.22
≈$413.22
-0.75%
CAD
CAD
/USDT
780466.15K
0.72480
≈$0.72480
-0.11%
CC
CC
/USDT
2521218073.27K
7,681.90
≈$7,681.90
-1.14%
View More >
News
Gold prices could reach $3,000 earlier this year! US media: Three major positive
signals are coming together...
2024-10-13 07:33:30
24K99 News US Newsweek reported that after several months of rising, the price
of gold may reach US$3,000 by the end of 2024 or earlier. The Federal Reserve's
recent interest rate cuts, new investor appeal and war in the Middle East have
provided support for safe-haven investments in precious metals.

According to GoldPrice.org, the price of gold has increased by more than 45% in
the past year. Experts believe that by the end of 2024, the price of gold will
climb to a record high of $3,000.


"In March, gold prices hit $2,070, and despite the correction and decline over
the past six months, gold prices have continued to rise," said Nick Fulton,
managing partner of American Pawnbroker. "When we saw gold at $2,600 an ounce, I
thought it would be $2,800 by the end of the year. Now what? We could see gold
at $3,000 an ounce in 30 days."

US media mentioned that the surge in gold prices can be attributed to several
factors, including the Federal Reserve's recent interest rate reductions, new
investor attraction, and war in the Middle East, as gold is considered a
safe-haven investment, especially during times of geopolitical conflict.


Michael Martin, vice president of market strategy at TradingBlock, pointed out
that it is not surprising that gold prices have surged during a period of major
geopolitical turmoil.

He further explained: "The ongoing intensification of the Russia-Ukraine
conflict and tensions in the Middle East have prompted investors to turn to
safe-haven assets such as gold. Historically, global tensions have often
coincided with surges in gold prices. For example, in 1979, the Soviet invasion
During Afghanistan, the value of gold more than doubled.”

Salomon Global Precious Metals Analyst Matthew Jones said that if Israel carries
out retaliatory strikes against Iran, the price of gold may reach $3,000. On
October 1, Tehran fired approximately 180 missiles at Israel in retaliation for
Israel's killing of Hamas and Hezbollah leaders.

"It now appears that a worrying escalation into a regional war has unfortunately
arrived, as Israel has been attacked by ballistic missiles; Israel has promised
further retaliatory strikes against Iran's refineries and nuclear facilities,"
Jones said. "The moment Israel launches a missile, the price of gold will exceed
$3,000."

In addition to ongoing wars in the Middle East, gold prices have also been
boosted by a surge in purchases by new investors and Eastern central banks.

"As a brick-and-mortar seller, we are seeing a lot of first-time buyers. The
value of gold has increased by 25% in the past six months, attracting new
investors," Fulton said. He also cited increased purchases by central banks in
China and India.

Reuters reported that the People's Bank of China (China's central bank) has been
buying gold for 18 consecutive months, with the value of its gold reserves
rising to $182.98 billion at the end of August, compared with $176.64 billion at
the end of July.

Luciano Duque, chief investment officer at C3 Bullion, said: “We do not believe
this trend will subside anytime soon. Instead, as large banks increase their
gold holdings as they have over the past two years, we can assume that smaller
Banks will follow suit, and for investors, this is a growing wave.”

Additionally, some investors are avoiding selling gold, "which further limits
supply and adds upward pressure on prices," Jones said. "With inflation easing
but still present, and the possibility of further interest rate cuts, the
outlook for gold remains positive for the remainder of 2024."

More >
Positive(49712)
Negative(26173)
As the Fed's interest rate cut expectations change, can gold hold on to the key
support of 2640?
2024-10-12 05:30:20
On Friday (October 11), the gold market continued to show positive trends,
continuing the upward trend of the previous two days. Market participants are
paying close attention to the Federal Reserve's interest rate hike policy and
the latest U.S. economic data to determine the future trend of gold. Gold prices
currently fluctuate around US$2,640 per ounce, up more than 0.4% from earlier in
the day, but failed to break through the previous high, partly suppressed by the
strength of the US dollar. Despite this, the intraday market still showed gold's
upward momentum, especially driven by U.S. economic data, which reduced market
risk appetite and promoted increased demand for gold as a safe-haven asset.


Fundamental analysis: driven by interest rate policy and economic data

Gold's intraday gains benefited from changes in investors' expectations for the
pace of future interest rate hikes by the Federal Reserve. Although the recently
released consumer price index (CPI) in the United States increased more than
expected, indicating that inflationary pressure still exists, the market once
expected that the Federal Reserve might slow down the pace of interest rate
cuts. However, with weak U.S. job market data, especially the unexpected
increase in initial jobless claims by 33,000 to 258,000 last week, the market
has once again turned to the belief that the Federal Reserve will continue to
gradually cut interest rates. Against this background, gold prices found support
and continued their gains.



Judging from the data, the U.S. core CPI increased by 3.3% year-on-year, which
is higher than the Fed's long-term goal. However, the market believes that the
Fed's focus has shifted to achieving sustainable employment growth. It is
against this backdrop that changes in the outlook for interest rates have become
a key driver of gold prices. As expectations of a rate cut by the Federal
Reserve rise, the dollar's strong rise has been limited, which also provides
gold with further room to rise.

At the same time, the trend of the US dollar remains an important factor
affecting the gold market. Although the U.S. dollar was boosted by strong U.S.
inflation data and once reached a two-month high, subsequent market digestion
has reduced the U.S. dollar's gains. The 10-year U.S. Treasury bond yield
continues to remain high above 4%, supporting the strong position of the U.S.
dollar, but putting some pressure on gold's upside.

In addition, it is worth paying attention to China’s upcoming fiscal stimulus
policy. China's Ministry of Finance will hold a press conference on Saturday to
announce further details of fiscal stimulus. This news constitutes potential
support for market risk sentiment and may inhibit gold's upward momentum in the
short term, as investors may shift from safe-haven assets to risky assets as
market risk appetite increases.



Technical Analysis: Focus on the $2,640 mark

From a technical perspective, gold prices are currently trading in key
support-resistance areas. Yesterday’s recovery showed that gold prices
effectively broke through the static support level of $2,630 and showed room for
further upside. Market analysts believe that in the short term, gold prices may
further challenge the level of 2,657-2,658 US dollars, and then test the supply
range of 2,670-2,672 US dollars. If gold can continue to stand above this range,
it may even hit the previous record high of $2,685-2,686 set in September in the
future.

Technical indicators remain bullish at present, and the oscillators on the daily
chart are also in positive territory, indicating that gold's upward momentum
remains strong. In the short term, as long as the price can hold support above
$2,630, market sentiment will tend to be bullish. If it breaks through $2,670,
gold prices are expected to hit the $2,700 mark and further continue the upward
trend that has been going on for many months.

However, if gold fails to hold support at $2,630, it could trigger more selling,
causing gold prices to pull back to $2,600 or even lower. The validity of the
psychological barrier of $2,600 is crucial. A fall below this point may trigger
wider selling pressure, dragging gold prices down to the $2,560 area, or even as
low as $2,530-$2,535.


The next move in the gold market will largely depend on the upcoming U.S.
Producer Price Index (PPI) and Michigan Consumer Confidence Index. If these data
are stronger than expected, it could boost the dollar again and limit gold's
upside. However, if the data performs poorly or further confirms the weakness of
the U.S. economy, expectations of a rate cut by the Federal Reserve will
increase, which will provide more upward momentum for gold.

From a market operation perspective, it is currently recommended that investors
pay attention to the short-term support level of $2,630. Once this position is
lost, it may trigger an increase in short-term short positions. For bulls, if
the price stabilizes above $2,650, the future target may be $2,670 or even
higher historical highs.

Generally speaking, the recent rise in gold prices reflects the market's
response to the softening of the U.S. economy and changes in Federal Reserve
policy. Gold prices still have upward momentum in the short term. Investors
should pay close attention to the upcoming key economic data and pay attention
to changes in market risk sentiment, which will provide important guidance for
short-term fluctuations in gold prices.

More >
Positive(38710)
Negative(24301)
[Gold Review] The bears made a big counterattack and nearly broke through 2600!
Expectations of a sharp interest rate cut fade, and gold prices fall for "five
consecutive years"
2024-10-09 15:59:59
FX168 Financial News (North America) News On Tuesday (October 8), the price of
gold almost broke through the $2,600 mark, and is expected to record the largest
percentage decline in a month and a half. As recent U.S. employment data has
reduced market expectations for a more substantial interest rate cut, the market
is also waiting for the minutes of the Federal Reserve's latest policy meeting
to look for new signals. #GoldenCollection#

At press time, spot gold fell 0.755% to $2,622.49 per ounce, falling for a fifth
consecutive session and moving further away from the all-time high of $2,685.42
set on September 26. U.S. gold futures settled down 1.1% at $2,635.40.

(Source: FX168)

"There has been a retracement or retracement over the past few days due to the
change in the interest rate outlook," said David Meger, head of metals trading
at High Ridge Futures. He added that bond yields have risen and the idea of
further significant rate cuts has faded.

Following last week's strong jobs report, markets expect the Fed to cut interest
rates by 50 basis points at its November meeting, according to CME Group's
FedWatch tool. Markets currently price an 87% chance of a 25 basis point rate
cut.

The market will focus on the minutes of the Federal Reserve's latest policy
meeting to be released on Wednesday, followed by U.S. consumer price index data
on Thursday and producer price index data on Friday.

Commerzbank said in a report: "U.S. inflation data to be released on Thursday is
likely to show a further decline in price pressures, but is unlikely to trigger
a new round of speculation about further interest rate cuts by the Federal
Reserve. Therefore, the rise in gold prices is likely to be mainly driven by
geopolitics. Risk driven.”

Gold is known for its stability and is the go-to hedge against geopolitical and
economic risks.

Global physical gold exchange-traded funds posted a fifth straight month of
inflows in September as North American-listed funds increased their holdings,
the World Gold Council said on Tuesday.

Spot silver fell 4.3% to $30.36 an ounce, its lowest level in nearly three
weeks. Platinum fell 1.9% to $953.04 and palladium fell 1.1% to $1,013.25.

More >
Positive(27419)
Negative(19076)
View More >


Home
Markets
Spot
Contracts
Assets