07:51
Institution: As the "December rush" approaches, the possibility of gold prices hitting a new record high increases significantly.
According to Jin10, as the traditional sales peak season for gold approaches in December, the gold price has firmly stood above $4000 per ounce, increasing the possibility of a new historical high for gold prices. From the East to the West, there will be huge demand for physical gold around the end of the year, as the wedding season in Asia (especially India) coincides with the Christmas and New Year holidays in Europe and America. Central banks in various countries continue to buy gold to build forex reserves, and the influx of funds into gold ETFs also increases the likelihood of gold prices hitting new historical highs. Bart Melek, the head of commodity strategy at TD Securities, stated that the recent possibility of interest rate cuts in the U.S. is an added bonus for those bullish on gold. The recent historical highs for New York gold futures and international spot gold prices were $4398 and $4381, respectively.

