[周刊王CTWANT] The Russian-Ukrainian war intensified, safe-haven funds flocked to gold, and the international gold price soared once more. It broke through US$2,060 yesterday and converged to US$2011 in the evening. In response to rising geopolitical risks, Goldman Sachs raised its gold price target, and it is expected that the price of gold will rise per ounce in the next six months. $2500.
Shi Wenxin, vice chairman of the Taipei Gold, Silver and Jewelry Association, said that the price of gold has repeatedly hit new highs, and there has been a “periodic” profit-taking trend of people selling gold in the silver building. There are petty bourgeoisie and investors. There are 100,000; Shi Wenxin said that the global inflation issue was originally optimistic that the price of gold will reach US$2,100 in the first quarter of this year. Now there are more geopolitical risks. The international gold price fluctuates between US$30 and US$50 a day, but there is room for manipulation. Let the recent tide of selling gold in Yinlou, the long-term optimistic, investors will buy it back following the decline, and earn the difference in the middle.
Shi Wenxin has invested in gold for a long time. He believes that the Russian-Ukrainian war will not end so soon. Western countries and Russia are sanctioning each other. With the continuous influx of safe-haven funds, the price of gold has a chance to see $2,200 in the short term. For investors, There’s also $200 of room to maneuver.
As for Goldman Sachs’ upward revision of the gold price target to $2,500, Shi Wenxin said that if the war situation worsens, and even “nuclear weapons” are used, let alone the price of gold at $2,500, it is possible to soar to $3,000.
Franklin Securities Investment Advisor believes that the price of gold continues to be affected by the geopolitical situation in Russia and Ukraine. If the situation in Russia and Ukraine deteriorates, the safe-haven demand for gold will increase. If the situation eases, the safe-haven demand will gradually subside, but gold may still remain strong for a while. Time, because inflation pressures including the United States and the euro zone continue to rise, gold with inflation hedging theme will still be favored by investors.
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