Hong Kong Stock Concept Tracking | Gold prices continue to hit historical highs, institutions optimistic about Fed rate cuts and future forecasts (with concept stocks)

The price of gold continues to rise, with COMEX December gold futures rising to $2608.40 per ounce, driven by expectations of a Fed rate cut. Analysts expect the Fed to cut rates by 50 basis points at this week's meeting, which is favorable for gold. Global physical gold ETFs have seen continuous inflows for four months. Goldman Sachs predicts that the Fed will cut rates by 25 basis points and continue to do so in November and December. Macquarie has raised its gold price forecast, expecting the price to reach $2600 per ounce in the first quarter of next year and potentially soar to $3000. Related companies include Zijin Mining, SD GOLD, and others