Jinshi data, August 7th news, Huatai Securities research report stated that due to the relatively substantial increase in the previous period, coupled with the market’s full pricing of the Fed’s rate cut in September, it is not ruled out that there may be a slight pullback in the short term. However, with the recent deterioration of the situation in the Middle East and the market entering a risk-off mode, driven by the risk aversion sentiment, gold is still experiencing Favourable Information. Overall, at the current time, gold may still have relatively good returns. If subsequent economic data continue to weaken significantly, leading to the Fed’s unexpectedly large rate cut or further escalation of geopolitical conflicts, it may re-ignite the pump in the gold price.
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