⇅ According to Standard Chartered Bank: Chinese banks are preparing for a massive wave of retail demand for gold. They aim to attract it through savings accounts, insurance products, and national monetary policies. ⇅
23 July 2025
2:40 PM
⇅ The cash settlement price for gold has reached $3,529 per ounce: Demand has started to rise, and we expect that there isn’t enough gold to match China’s purchases. ⇅
23 July 2025
⇅ The buy price at which targets were set during the Asia session was $3,471. Bullish bets are targeting the $3,745 level on October contracts. ⇅
23 July 2025
⇅ Execution volume for July has increased by 2.4% (+9.7 tons) so far, reaching 420 tons. Open interest on the COMEX exchange has risen to a three-month high at 454,000 contracts, or 1,412 tons. ⇅
8 aug 2025
2:00 pm
There is a premium of $8.4 per ounce or 0.25% on the Shanghai Exchange compared to the London Exchange, indicating higher Chinese demand.
8 aug 2025
2:00 pm
Citibank raised its three-month target price for gold to $3,500 per ounce, up from its previous estimate of $3,300. The bank expects the new price range for gold to be between $3,300 and $3,600 per ounce.
8 aug 2025
2:00 pm
Trump commented on the second-quarter GDP data, which showed a 3% growth, saying that the Federal Reserve is extremely late and calling for an “immediate interest rate cut.” He emphasized: “No inflation… let people buy and refinance their homes.”
His remarks add pressure on the Fed ahead of today’s meeting, despite expectations of holding rates steady.
Weekly Gold Movement Report – July 14, 2025 Fundamental Analysis: Gold prices continued their sideways movement last week and began to rise at the start...
Weekly Gold Movement Report – July 27, 2025 Fundamental Analysis: A very strong trading week is expected, with the release of non-farm payroll data, which...
Daily Gold Movement Report – July 30, 2025 Fundamental Analysis: It is widely expected that the Federal Open Market Committee will leave interest rates unchanged,...