Gold prices continue to rise, analysts warn of high profit-taking risks
2025-09-01 17:45:14
Gold futures extended their rally after hitting a record high on Monday, driven by expectations of interest rate cuts and geopolitical tensions. The current gold futures traded around $3,547, up 0.88% in the day, and climbed to $3,557.10 an ounce at one point during the session. FxPro analyst Alex Kuptsikevich pointed out in a research note that macroeconomic and geopolitical news continued to be positive for precious metals, with reports that India is actively selling U.S. government bonds and increasing its gold reserves. He also said that the lack of progress in peace talks between Russia and Ukraine has also boosted safe-haven demand. Kuptsikevich said that the more obvious positive factor in the short term is the market's expectation of the Federal Reserve's interest rate cut in September. But he cautioned investors to exercise caution when participating in this round of gold rallies, as all-time highs tend to trigger large-scale profit-taking, as happened in April this year.
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