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外汇交易员· 2025-10-08 07:58
Market Trends & Dynamics - JPMorgan Asset Management discusses the narrowing gap between the US market and non-US developed markets [1] - The rotation cycle of relative strength between the US and EAFE (Europe, Australasia, Far East) markets is shortening [1] - The report observes whether Japan is prepared for a resurgence [1]
X @外汇交易员
外汇交易员· 2025-10-08 05:52
Market Trends & Price Analysis - Gold price surpassed $4,000/ounce due to the ongoing US federal government shutdown and increasing expectations of interest rate cuts [1] - The market is still digesting expectations of interest rate cuts, which will further benefit gold [1] - Increased policy uncertainty and bets on the Federal Reserve's easing policy are keeping safe-haven demand strong [1] Investment & Holdings - Investors are rapidly increasing their holdings of gold ETFs [1] - Gold ETF holdings expanded last week, bringing total holdings to the highest level since September 2022 [1] - Current total holdings are still below the peak of 2020, indicating further room for increased holdings [1] Central Bank & Geopolitical Factors - Central banks are continuing to buy gold, despite record high prices [1] - China's central bank increased its gold holdings for the 11th consecutive month in September [1] - The ongoing trade war and heightened geopolitical risks contribute to the potential for further gold price increases [1] Future Outlook - Expectations of further interest rate cuts by the Federal Reserve are growing [1] - All factors suggest that gold still has room for further upside [1]
