On May 5, both gold futures and spot prices made a remarkable comeback, surpassing the $3,300 per ounce mark once again. During the trading session, the spot gold price breached the $3,320 per ounce threshold and witnessed an intraday surge of over $80. After a brief period of adjustment on May 7, the international gold price has recorded significant gains for two consecutive days. With a 3% increase, the gold price topped the trending lists, reigniting public enthusiasm for this precious metal.
Currently, several factors are influencing the gold market. Changes in the US tariff policy, expectations regarding Federal Reserve interest rate cuts, and ongoing geopolitical risks remain the primary drivers of gold price movements. Whether it’s the demand for safe – haven assets, reserve accumulation, or portfolio allocation, the overall market conditions continue to favor the international gold price. International authoritative institutions have projected that the international gold price could reach $3,700 per ounce by the end of this year and climb to $4,000 per ounce by mid – 2026. This indicates that the gold market is currently in the midst of a major bull run, making it an opportune time for investment.
As the world’s most crucial safe – haven asset, this latest sharp increase in gold prices not only reflects the profound shifts in the global economic landscape but also underscores its unique value in preserving wealth and generating investment returns. The constantly fluctuating gold prices not only make gold an attractive long – term investment option but also present investors with ample short – term trading opportunities.
For investors who are skilled in technical analysis and can accurately assess short – term market trends, they can combine market fundamentals with technical data to determine the short – term direction and price range of the gold market. By doing so, they can precisely capture price fluctuations, entering the market for short – term gold trades. For example, they can buy at the early stages of a price increase or sell promptly when the target price is reached, profiting from the price differentials. Among various gold investment products, spot gold stands out as an ideal choice for short – term trading due to its institutional advantages, including 24 – hour T+0 trading, two – way trading, and margin leverage trading.
However, it should be noted that short – term gold trading involves more frequent transactions, which results in relatively higher transaction costs such as handling fees and spreads. These costs can gradually accumulate with frequent buying and selling, eating into investors’ profits. Therefore, investors are advised to choose professional trading platforms with lower costs for short – term gold investments. This approach allows them to reduce expenses while maintaining healthy profit margins. Jinrong China, recognized as Asia’s top trading platform and one of the most active participants on the Hong Kong Gold Exchange, offers investors lower investment costs. This enhances the efficiency of fund utilization, making it easier for them to enter the gold trading market. It is a platform that has earned trust and reliability among investors.
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