Driven by "risk aversion + interest rate cut expectations", gold hits a new record high
2025-10-08 02:21
Odaily Planet Daily reports that gold prices have broken through $4,000 per ounce, reaching a new all-time high, driven by investors seeking to avoid growing economic and geopolitical uncertainty and expectations of further Federal Reserve rate cuts. Analysts say the "fear of missing out" is also fueling the rally. UBS analyst Giovanni Staunovo noted, "We're seeing investors buying gold even at high prices, and this behavior is further amplifying the price increase." (Gold Ten)
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