Odaily News Gold prices continued to rise after reaching a new high on Monday, driven by safe-haven demand and a weaker dollar, with market expectations that the Fed will further cut interest rates next year. Pepperstone research strategist Ahmed Asiri stated that a low interest rate and a weak dollar environment naturally increase the relative attractiveness of precious metals. The gold price approaching the $4500 level reflects that the market has adapted to the surge in gold prices, rather than being temporarily pushed up by speculative trading. (Jin10)
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Analyst: The market is gradually adapting to the rise in gold prices.
Odaily News Gold prices continued to rise after reaching a new high on Monday, driven by safe-haven demand and a weaker dollar, with market expectations that the Fed will further cut interest rates next year. Pepperstone research strategist Ahmed Asiri stated that a low interest rate and a weak dollar environment naturally increase the relative attractiveness of precious metals. The gold price approaching the $4500 level reflects that the market has adapted to the surge in gold prices, rather than being temporarily pushed up by speculative trading. (Jin10)