Rise! Rise! Rising non-stop! Gold prices recorded a seventh consecutive week of increases, approaching historical highs

Affected by the U.S. government shutdown and the uncertainty of Federal Reserve policies, gold prices have risen for the seventh consecutive week, with spot gold prices increasing by 0.81% to $3,886.71 per ounce, just $10 away from the historical high. This year, gold prices have risen by approximately 48%, potentially marking the largest annual increase since 1979. With increasing market uncertainty, analysts suggest that the rise in gold prices is supported by global central bank purchases and increased holdings in gold ETFs, along with interest rate cut expectations being favorable for gold. In the short term, gold prices may face the risk of a pullback, while other precious metals have also generally risen