According to the Golden Ten report, after the international gold price rose continuously and reached a new high, it recently encountered a "sudden stop" and once fell back from a high of 2450.1 US dollars per ounce to more than 120 US dollars per ounce. Industry insiders said that the recent tendency of the United States to maintain high interest rates for a longer period of time will support the high level of the U.S. dollar and U.S. bond yields, putting a certain amount of pressure on the precious metals market. The gold price correction is likely to reflect the impact of the delay in the Federal Reserve's interest rate cut. If the Federal Reserve starts cutting interest rates, it will provide significant support to gold prices. In addition, supported by factors such as the central bank's continuous increase in gold purchases and the increasing uncertainty in the global geopolitical situation, the potential for gold prices to rise in the future is still large.
