ING Groep(US:ING) Sou Hu Cai Jing·2025-08-08 02:20Core Viewpoint - The report from ING's Ewa Manthey indicates that there is still room for gold prices to rise this year, driven by potential Federal Reserve rate cuts, ongoing central bank purchases, and inflows into gold ETFs [1] Group 1: Federal Reserve and Interest Rates - The probability of a Federal Reserve rate cut in the upcoming meeting is estimated at 93% according to traders [1] Group 2: Central Bank Purchases - Central bank purchases remain robust, with the World Gold Council reporting an increase of 166 tons in global official gold reserves during the second quarter [1] Group 3: Gold ETF Investments - Gold ETFs experienced strong investment in the second quarter, contributing to the bullish outlook for gold prices [1] Group 4: Price Forecasts - ING has raised its gold price forecast for the third quarter from $3,200 per ounce to $3,400 per ounce and for the fourth quarter from $3,200 per ounce to $3,450 per ounce [1]