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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Sheng Bao Bank: Gold prices may touch $2500 due to weak economy
On August 4th, Jinshi Data reported that Ole Hansen, head of commodity strategy at Shengbao Bank, said that if economic data continues to weaken, the spot gold price could quickly reach the $2500 mark. The prospect of a Fed rate cut, coupled with ongoing geopolitical tensions, rising debt concerns, and new demands from central banks and ETF investors, is expected to further support and pump up the gold price.