Adapting to an Unstable World: Gold, Dollar, and Investor Strategies
The gains of the three major U.S. stock index futures narrowed to nearly flat, most Chinese concept stocks rose, Gold continued to adjust, and the Korean won rose significantly.
In Pre-Market Trading, the three major index futures are almost flat. Some Technology stocks have risen, with NVIDIA up about 2% and AMD up about 1.5%. Previously, both companies announced they would provide Semiconductors to an AI company in Saudi Arabia for a $10 billion Datacenter project. Pony.ai's stock rose over 16% in Pre-Market Trading, with reports that the company plans to apply for a confidential listing in Hong Kong, and Pony.ai has accumulated a rise of over 38% in the past five trading days.
With the easing of trade tensions, Japanese stocks are poised for their longest rally since 2009, while U.S. Futures are down, and Gold has risen sharply by 30 dollars in the short term.
The Japan Tokyo Stock Index has risen for the 13th consecutive trading day, reaching its highest intraday increase since August 2009; the India SENSEX Index fell by 0.8%, and the Pakistan KSE-100 Index rose by 0.45%; the USD/JPY has slightly weakened, dropping by 0.35% during the day; spot Gold has increased by 0.61% to $3,254 per ounce.
After the China-US meeting, Gold experienced a short-lived plunge, and many national Banks are still warning about investment risks. Why is there a reluctance for wild fluctuations?
① After China announced that an important consensus was reached in the China-U.S. meeting, spot Gold fell to $3260 per ounce, dropping over 2% at one point during the day. ② Recently, many national commercial Banks have continued to raise the subscription minimum amount for Gold accumulation Business and clearly remind that "investment has risks." ③ Referencing the past lessons from the Crude Oil Product treasure and paper Gold incidents, Banks do not wish for Gold to experience extreme volatility, especially in accumulation Gold Business.
Gold prices faced a "weekend storm" -- substantial progress in Sino-U.S. negotiations, ceasefire between India and Pakistan, negotiations between Russia and Ukraine, and talks between the U.S. and Iran.
Global risk aversion has receded, and Gold has plummeted. High-level economic and trade talks between China and the United States have reached important consensus and made substantial progress. The ceasefire agreement between India and Pakistan has been maintained on Sunday. Putin proposed to resume direct negotiations between Russia and Ukraine in Turkey on the 15th. The previously postponed fourth round of talks between the US and Iran has also begun.
New Bond King: How can the US stock market not fall? Gold prices will reach 4000 dollars.
Jeffrey Gundlach stated that the rising unemployment rate and the inverted yield curve both indicate that the USA economy is heading into a recession, predicting that the S&P 500 Index may fall to around 4600 points. Investors are in a mid-term risk-averse market, and due to concerns over geopolitical turmoil, tariffs, and existing massive debt, Gold could rise to 4000 dollars.