Analyst: Gold Trends Depend on Rate Cut Outlook and Trade Situation
Jinse Finance reported that the international spot gold price set a new all-time high for the fourth consecutive trading day on Thursday, driven by escalating trade tensions and the looming U.S. government shutdown, prompting investors to flock to this safe-haven asset. At one point during trading, spot gold reached a record high of $4,256.21. OANDA analyst Zain Vawda stated: The trend of gold will depend on the outlook for interest rate cuts heading into 2026 and the development of trade conditions, with the latter potentially serving as a catalyst for gold prices to break through $5,000 per ounce. Vawda pointed out that any short-term pullback in gold may be temporary, as bullish investors often use such corrections as opportunities to re-enter the market. (Golden Ten Data)
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