Core Viewpoint - The recent surge in gold prices is primarily driven by expectations of further interest rate cuts by the Federal Reserve in October, with probabilities exceeding 90% for such cuts [1] Group 1: Federal Reserve Impact - Market expectations suggest that the Federal Reserve will likely cut interest rates 1 to 2 more times this year, significantly contributing to the ongoing rise in gold prices [1] - The anticipation of these rate cuts is seen as a key catalyst for the upward movement in gold prices [1] Group 2: Geopolitical Factors - Ongoing geopolitical conflicts have further fueled the rise in gold prices, as they enhance market risk aversion [1] - The U.S. government shutdown has damaged credit ratings, intensifying the market's desire for safe-haven assets like gold [1] - Recent U.S. military support to Ukraine and actions in the Middle East, such as Israel's blockade of aid to Gaza, have escalated geopolitical tensions, contributing to the surge in gold prices [1] - Europe's decision to impose a 50% tariff on imported steel indicates a shift towards geopolitical military competition, which has quickly heightened safe-haven demand for gold [1]
市场普遍预期本年度美联储仍会降息，极大地推动了金价的持续上涨
Ge Long Hui·2025-10-04 08:15