Spot gold prices have surged past the $4,380 per ounce mark, with an intraday increase of 0.90%. As a traditional safe-haven asset, gold's recent continuous strength is often closely related to changes in the global macroeconomic situation, geopolitical fluctuations, gold purchases by central banks of various countries, and the trend of the US dollar index. This significant intraday rise has also attracted considerable attention from market investors.
智通财经2026/08/10 18:46Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Over 400 billions at stake! Trend funds have set a record shorting global bonds, with this week's US CPI likely to be the key to gains and losses
UBS pointed out that ahead of the upcoming inflation data release, every 1 basis point change in the 10-year U.S. Treasury yield leads to a profit or loss exposure of approximately $300 million for CTAs, marking the highest level since UBS began compiling this data. Bank of America believes that if the data does not support a Fed rate hike in September, it could pose challenges to the crowded short positions, especially given the large CTA short size and underweight positions among active funds.
Crypto prices
More
