Gold Soars $145 in 48 hours as China Takes Charge
Gold Breaks out, Soars $145 on China Return
Market Rundown | Goldman says "Gold to Continue Outglittering Silver"
Authored by GoldFix ZH Edit
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- Topic 1: Gold Soars $145 in 48 hours as China Takes Charge
- Topic 2: Goldman: Gold to Continue Outglittering Silver
- Price Action decoded
Topic 1: Gold Soars $145 in 48 hours as China Takes Charge
- The last two trading days have been revealing in terms of who now controls the gold market.
- Between Sunday and Monday evening, with Asia fully open, Shanghai traders returned aggressively driving Gold $145 higher in 48 hours.
Topic 2: Goldman: Gold to Continue Outglittering Silver
"We believe this is an attractive entry point for long-term gold exposure. Speculative positioning is light and has significant room to rebuild.Since the freezing of Russia’s reserves in 2022, gold has structurally decoupled because of the fivefold increase in gold purchases by central banks, which don’t buy silver."
-Goldman Sachs
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