On June 6, the price of gold futures as an international indicator once rose to the range of US$2,000 per ounce as a psychological critical point last week. As some people predict that there is limited room for rising long-term interest rates in the United States, gold purchases without interest rates are considered to continue.
1. According to the analysis of Founder’s mid-term futures, the overall performance of gold in the second half of the year is likely to be strong, and it will continue to set new historical highs. It is still appropriate to go long on precious metals on dips.
There is a high probability that London gold will continue to set new record highs, and it is not ruled out that it may rise above $2,200/oz; the core support level is $1,800/oz.
2. You Chunye, chief macro analyst of Pacific Securities, believes that gold is in the third round of bull market.
As the credit of the US dollar is increasingly questioned and the Fed’s interest rate hike is coming to an end, gold will enter a long-term bull market, and it is expected that the price of gold will reach US$2,400-2,600 per ounce within two years.
