@elliea
According to Jinshi Data, on March 20, the Federal Reserve released a dovish signal overnight, and the international spot gold price broke through $3,050/ounce, setting a new record.
Driven by the rising expectations of the Federal Reserve's interest rate cut and the continued fermentation of geopolitical conflicts in the Middle East, the safe-haven property of gold has been further strengthened by the market.
At the same time, the trend of gold stocks showed significant differentiation. Market analysts believe that the overall valuation of gold stocks is at a historical low. With the high volatility of gold prices, gold stocks are expected to catch up.
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