Since August, international gold prices have broken away from the previous pattern of range-bound fluctuations and started a round of strong rebound. The London spot gold price has been rising steadily since below 4,100 US dollars/ounce, breaking through several key integer levels, and once reached 4,600 US dollars/ounce, a new high since May 15 this year. At the time of press release, the cumulative increase since August was over 13%. Industry insiders said that the sharp rise in gold prices in this round is the result of multiple favorable factors such as the cooling of expectations of the Federal Reserve's interest rate hike, changes in the geographical situation in the Middle East, and US debt policy adjustments, and there is plenty of momentum for short-term increases. In the medium term, the price of gold may fluctuate repeatedly due to the evolution of geopolitical conflicts and changes in the expectations of the Federal Reserve's monetary policy. In the long run, global geopolitical risks are frequent, the credit of the US dollar continues to be questioned, the structural problem of US debt is difficult to resolve, and the alternative effect of gold against the US dollar continues to increase, which will provide sufficient momentum for the rise in gold prices.

Since August, international gold prices have broken away from the previous pattern of range-bound fluctuations and started a round of strong rebound. The London spot gold price has been rising steadily since below 4,100 US dollars/ounce, breaking through several key integer levels, and once reached 4,600 US dollars/ounce, a new high since May 15 this year. At the time of press release, the cumulative increase since August was over 13%. Industry insiders said that the sharp rise in gold prices in this round is the result of multiple favorable factors such as the cooling of expectations of the Federal Reserve's interest rate hike, changes in the geographical situation in the Middle East, and US debt policy adjustments, and there is plenty of momentum for short-term increases. In the medium term, the price of gold may fluctuate repeatedly due to the evolution of geopolitical conflicts and changes in the expectations of the Federal Reserve's monetary policy. In the long run, global geopolitical risks are frequent, the credit of the US dollar continues to be questioned, the structural problem of US debt is difficult to resolve, and the alternative effect of gold against the US dollar continues to increase, which will provide sufficient momentum for the rise in gold prices.