news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

the federal reserve has started a cycle of interest rate cuts, and gold prices are beginning to move.

on september 18, eastern time, the international gold price hit a new high, with comex gold futures breaking through $2,627 per ounce. although it fell back on the 19th, it was still above $2,600 as of press time.

since the beginning of this year, the international gold price has continued to hit new historical highs, and the industry generally expects that interest rate cut transactions will become another key factor in catalyzing the rise in gold prices.

luo zhiheng, chief economist of guangdong securities, believes that the "preemptive" trend of gold this year is obvious, and there is a risk of correction if the positive news is realized. in the medium and long term, supported by factors such as global "de-dollarization" and intensified geopolitical conflicts, gold prices may still be in a long-term rising cycle.

us dollar interest rate cut, international gold price breaks through us$2,600

on september 18, after the federal reserve announced a rate cut, the international gold price hit a new high, breaking through $2,627 per ounce. as of press time, comex gold futures were trading at $2,614.5 per ounce.

this year, driven by geopolitical conflicts and expectations of interest rate cuts, gold prices have hit record highs. in particular, since march, comex gold futures prices have broken through several important thresholds, including $2,200, $2,400 and $2,600 per ounce.

looking back at history, after the federal reserve started the interest rate cut cycle, the price of gold did not rise every time, but rather rose and fell.