Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
US Stock Market Movement | Risk Aversion Rises, Gold Stocks Strengthen in Pre-market Trading, Spot Gold Surpasses $5400

US Stock Market Movement | Risk Aversion Rises, Gold Stocks Strengthen in Pre-market Trading, Spot Gold Surpasses $5400

格隆汇格隆汇2026/03/02 09:19
Show original
格隆汇 March 2|According to reports, Iran's retaliation and the shipping standstill in the Strait of Hormuz have made "risk aversion first" the only creed in the current market. In the afternoon Asian session, spot gold rose over 2%, quoted at $5405.86/ounce; spot silver rose 1.79%, quoted at $95.43/ounce. Most investment banks are bullish on the market outlook. Everbright Securities stated that, with Trump's tariff policies and the ongoing uncertainty in the Middle East geopolitical situation, it maintains its optimistic view on gold prices for the year. If the US Federal Reserve continues to cut interest rates in the second half of the year, and the political uncertainties between the US and other countries persist, these factors are expected to support the upward trend in gold prices.
0
0

Disclaimer: 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.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

AI cloud startup Lambda, backed by Nvidia, races toward IPO: planning to raise up to $4 billions in the final pre-listing round, with a valuation of $14.5 billions

Cloud computing company Lambda, backed by NVIDIA, is launching its final funding round before its IPO, aiming to raise up to 4 billion US dollars.

智通财经•2026/10/07 03:01

McDonald's (MCD.US) sued over AI pricing tool, accused of facilitating algorithmic collusion among U.S. franchisees

McDonald's (MCD.US) is facing a federal lawsuit. The complaint alleges that its AI-enhanced pricing tool violates antitrust laws by sharing non-public data with franchisees who may compete in the same market.

智通财经•2026/10/07 01:37

Samsung Electronics delivers its strongest quarterly report ever; can HBM4e restart AI memory trading?

Samsung Electronics is about to face a critical test. The company will release its preliminary results on Thursday, and it is expected to record its largest-ever quarterly operating profit. However, the real test is not the scale of profits, but whether it can convince investors that the demand for memory chips is sustainable and that high product prices can be secured through long-term contracts.

智通财经•2026/10/07 01:22
Samsung Electronics delivers its strongest quarterly report ever; can HBM4e restart AI memory trading?