Analyst: Gold prices are expected to remain high in the coming weeks, but risks are tilted to the downside
Jinse Finance reported that the latest US data shows a surge in layoffs in October, raising market expectations for a Federal Reserve rate cut in December and pushing gold prices higher. BMI analysts stated that gold prices are expected to remain elevated in the coming weeks, but risks remain tilted to the downside due to uncertainty over a December rate cut. With limited official data due to the government shutdown, Federal Reserve officials remain divided on the future policy path. BMI analysts said: "For the remainder of 2025, unless US-China trade tensions suddenly escalate again, it will be very difficult for gold to break through the historical high of $4,381 per ounce."
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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