Market Analysis: Five Major Reasons for Gold's New All-Time High
Jinse Finance reported that gold prices have reached a new high, standing at $3,640 per ounce, with an intraday increase of nearly 1.5%. According to Adam Button, an analyst from the US financial website investinglive, after breaking out of the consolidation range from April to September, gold prices have shown a parabolic upward trend. There is no real secret behind this, mainly due to the following five reasons: 1. Trump is attempting to control the Federal Reserve and push interest rates down to levels they would not otherwise reach. 2. The global trade order is disintegrating. 3. The global order surrounding military intervention is collapsing (referencing US Vice President Vance's weekend remarks about the killing of a Venezuelan citizen). 4. Fiscal spending is out of control. 5. Technical indicators are unanimously supportive.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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