Understanding the Market | Gold stocks collectively rose, spot gold once broke through 3,120 USD, market focuses on the US March CPI data
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Gold stocks rose collectively, with LINGBAO GOLD up 10.01%, ZHAOJIN MINING up 8.23%, and SD GOLD up 7.74%. Spot gold briefly broke through $3,120, currently reported at $3,114.63, up 1.02% for the day. The market is focused on the U.S. March CPI data, and Deutsche Bank has raised its gold price forecasts to $3,139 and $3,700, expecting gold prices to rise to $3,350 in the fourth quarter of this year
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