Analyst: The market is gradually adapting to the surge in gold prices
According to Odaily, gold prices continued to rise after reaching a new high on Monday, driven by safe-haven demand and a weakening dollar, as the market expects the Federal Reserve to further cut interest rates next year. Pepperstone research strategist Ahmed Asiri stated that a low interest rate and weak dollar environment naturally increases the relative appeal of precious metals. The move of gold prices toward the $4,500 level reflects that the market has adapted to high gold prices, rather than prices being temporarily pushed up by speculative traders. (Golden Ten Data)
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