This wave of gold is mainly due to the previous sharp decline and the end of a normal correction after overbought conditions, so everyone is starting to buy again. In the long term, geopolitical tensions (especially in the Middle East), expectations of Federal Reserve rate cuts, a weakening dollar, and global debt issues are all still supporting gold. CITIC Construction Investment Futures said that geopolitical situations remain the key driver, and uncertainty in the bond market will continue to push gold prices.
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This wave of gold is mainly due to the previous sharp decline and the end of a normal correction after overbought conditions, so everyone is starting to buy again. In the long term, geopolitical tensions (especially in the Middle East), expectations of Federal Reserve rate cuts, a weakening dollar, and global debt issues are all still supporting gold. CITIC Construction Investment Futures said that geopolitical situations remain the key driver, and uncertainty in the bond market will continue to push gold prices.