Spot gold has repeatedly set new historical highs, reaching $2431/ounce during the day, continuing to refresh record peaks. The expectation of a Fed rate cut in September has strengthened, the dollar index has retreated, and the disturbances in the Middle East have increased safe-haven demand, leading to a faster influx of funds. Global central banks have net purchased gold for 16 consecutive months, with physical and ETF investments resonating. Traders indicate that the short term may experience some fluctuations and consolidation, however, under the dual support of "anti-inflation + safe-haven" themes, market expectations for gold prices to break through $2450 are heating up, and the bull run momentum remains strong.
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Spot gold has repeatedly set new historical highs, reaching $2431/ounce during the day, continuing to refresh record peaks. The expectation of a Fed rate cut in September has strengthened, the dollar index has retreated, and the disturbances in the Middle East have increased safe-haven demand, leading to a faster influx of funds. Global central banks have net purchased gold for 16 consecutive months, with physical and ETF investments resonating. Traders indicate that the short term may experience some fluctuations and consolidation, however, under the dual support of "anti-inflation + safe-haven" themes, market expectations for gold prices to break through $2450 are heating up, and the bull run momentum remains strong.