Analysts: If the Fed confirms multiple interest rate cuts, gold prices may peak again
Source: BlockBeats
Time: 2025-09-17 00:17:33
According to BlockBeats, on Tuesday, September 17, gold prices soared past $3,700 per ounce, hitting a record high, driven by weakening the dollar and clear expectations that the Federal Reserve would implement interest rate cuts. "If the Fed's policy guidance fails to meet the market's expectations of dovish stance, gold may face selling pressure in the short term. But as long as the Fed confirms that it will cut interest rates multiple times, it will support the rise in gold prices, which is expected to push it to another record high." In addition, central banks continue to purchase gold, inflows of gold ETFs (exchange-traded funds), and geopolitical tensions have exacerbated market demand for safe-haven assets and anti-inflation assets, which have also jointly supported the rise in gold prices. (Jin Shi)