On the 22nd, international precious metals prices rose collectively. The international spot gold price broke through 4,420 US dollars per ounce in the intraday period. The main gold futures contract of the New York Stock Exchange once rose above 4,450 US dollars per ounce, both of which reached record highs. US Bloomberg reports that rising geopolitical tension and market expectations of further interest rate cuts from the Federal Reserve are the main reasons for the sharp rise in gold prices. The US “Wall Street Journal” previously reported that investors who are worried about the future of currencies such as the US dollar are buying alternative assets such as gold in a big way. A research report released by Goldman Sachs in the US on the 18th of this month predicts that by the end of 2026, the price of gold will rise to 4,900 US dollars per ounce.

On the 22nd, international precious metals prices rose collectively. The international spot gold price broke through 4,420 US dollars per ounce in the intraday period. The main gold futures contract of the New York Stock Exchange once rose above 4,450 US dollars per ounce, both of which reached record highs. US Bloomberg reports that rising geopolitical tension and market expectations of further interest rate cuts from the Federal Reserve are the main reasons for the sharp rise in gold prices. The US “Wall Street Journal” previously reported that investors who are worried about the future of currencies such as the US dollar are buying alternative assets such as gold in a big way. A research report released by Goldman Sachs in the US on the 18th of this month predicts that by the end of 2026, the price of gold will rise to 4,900 US dollars per ounce.