New York gold futures just broke through the key level of $4600/oz, with an intraday increase of 1.8%, reaching a new high. Spot gold is also not to be outdone, with quotes already surging to $4590/oz, also setting a new record.
This wave of market movement has indeed attracted the attention of many traders. From futures to spot gold, the simultaneous new highs reflect the market's continued pursuit of safe-haven assets. In the context of a complex and volatile global economic situation, gold remains highly attractive as a traditional safe-haven asset.
It is worth noting that this breakthrough of the $4600 level is not accidental. On the macroeconomic front, U.S. non-farm payroll data underperformed expectations, and the trade deficit issue continues to ferment, all of which are boosting the demand for gold as a safe haven. Meanwhile, market liquidity is ample, with institutions and retail investors increasing their allocations to precious metals.
For traders, this price level could become a new important support. The future trend of the market will depend on closely monitoring U.S. economic data and geopolitical developments.
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MetaMuskRat
· 14h ago
Gold hits a new high again, is this really the case this time or is it going to drop again? Feels like it's always hyped up like this.
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ContractExplorer
· 14h ago
Has gold reached 4600? It was about time, just waiting for the Federal Reserve to continue easing liquidity.
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ShamedApeSeller
· 14h ago
Gold hits a new high again, but why do I always feel it's going to fall?
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At the 4600 USD mark, it feels like institutions are once again harvesting retail investors...
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Strong demand for safe-haven assets, right? Then why am I still losing...
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They say liquidity is abundant every day, so why is my order still lagging?
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Can this wave of gains continue, or will there be another flash crash?
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Gold has hit a new high again, why is there no movement in my account?
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If non-farm payroll data is poor, buy gold? Why didn't I do it earlier? Why only now?
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Is 4600 really a support or just a trap? Does anyone know?
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Both futures and spot prices are rising, I feel I should reduce my positions.
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With such high geopolitical risks, gold should surge to 5000.
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Rekt_Recovery
· 14h ago
lol here we go again... gold pumping while my leverage ptsd kicks in just reading "4600". been there, done that, got the liquidation notice to prove it. but ngl? this time feels different, copium maybe but the macro setup actually checks out. non-farm misses + that trade deficit... yeah gold deserves to run. just... maybe don't do what i did and yolo your whole portfolio at support lol
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GateUser-3824aa38
· 15h ago
Damn, it's already at 4600? I was hesitating yesterday whether to add to my position, now I'm kicking myself for not doing it.
New York gold futures just broke through the key level of $4600/oz, with an intraday increase of 1.8%, reaching a new high. Spot gold is also not to be outdone, with quotes already surging to $4590/oz, also setting a new record.
This wave of market movement has indeed attracted the attention of many traders. From futures to spot gold, the simultaneous new highs reflect the market's continued pursuit of safe-haven assets. In the context of a complex and volatile global economic situation, gold remains highly attractive as a traditional safe-haven asset.
It is worth noting that this breakthrough of the $4600 level is not accidental. On the macroeconomic front, U.S. non-farm payroll data underperformed expectations, and the trade deficit issue continues to ferment, all of which are boosting the demand for gold as a safe haven. Meanwhile, market liquidity is ample, with institutions and retail investors increasing their allocations to precious metals.
For traders, this price level could become a new important support. The future trend of the market will depend on closely monitoring U.S. economic data and geopolitical developments.