July 12: World gold price surpasses the level of 1,930 USD/oune
On July 12, the US Dollar Index fell below 102 points and US bond yields also fell slightly. The world spot gold price increased by 7.1 USD to 1,932.2 USD/ounce.
Gold for August futures was last traded at $1,937.2 per ounce, up $6.2 from dawn the previous day.
Recently, Invesco's annual global sovereign wealth management report shows that more and more countries are hoarding gold. According to the Invesco survey, a significant percentage of central banks are concerned about the precedent set by the US freezing Russia's reserves, with a majority (58%) agreeing that the event has made gold attractive. than. Central banks are concerned about the precedent that has been set with Russia.
Gold for August futures was last traded at $1,937.2 per ounce, up $6.2 from dawn the previous day.
Recently, Invesco's annual global sovereign wealth management report shows that more and more countries are hoarding gold. According to the Invesco survey, a significant percentage of central banks are concerned about the precedent set by the US freezing Russia's reserves, with a majority (58%) agreeing that the event has made gold attractive. than. Central banks are concerned about the precedent that has been set with Russia.
Comment:
Ms. Hooper explained that, although gold faces a full-fledged environment, it is still an important strategic asset to own. She added that the precious metal could continue to be well-supported in the near-term as investors look for increasing hedging opportunities in the market.
Comment:
Recently, gold has been caught below the level of 1,950 USD/ounce as the US Federal Reserve (Fed) is expected to maintain positive monetary policies throughout the summer. However, Kristina Hooper, chief global market strategist at Invesco, said that pricing action is one factor that investors should consider when building a core position on gold.
Comment:
Conversely, if the gold price sustains below $1,943 per ounce, it is likely to plummet to $1,891 per ounce, or even plummet to $1,830 per ounce.
Comment:
This was the third consecutive day of gains for spot gold, up 0.4% to $1,931.83 an ounce at 02:11 pm. EDT.
Comment:
Recently, Invesco's annual global sovereign wealth management report shows that more and more countries are hoarding gold. According to the Invesco survey, a significant percentage of central banks are concerned about the precedent set by the US freezing Russia's reserves, with a majority (58%) agreeing that the event has made gold attractive. than. Central banks are concerned about the precedent that has been set with Russia.
