Expectations for Federal Reserve interest rate cuts rise, international gold prices hit new highs

On the 17th, international gold prices continued to rise, with the price of gold exceeding $4,300 per ounce. The price of December gold futures on the New York Mercantile Exchange reached as high as $4,392 per ounce during trading on the 17th, setting a new historical high. On the other hand, international spot gold trading peaked at nearly $4,380 during trading on the 17th, again reaching a new high. Analysts believe that the rise in gold prices is influenced by multiple factors, including central banks in various countries buying gold amid trade tensions and increasing market expectations for a potential interest rate cut by the Federal Reserve in the near future