Market analysis: Five reasons why gold has reached a new high
2025-09-08 15:24:38
Gold prices hit a new high, standing at $3,640/oz, up nearly 1.5% in the day. Adam Button, an analyst at investinglive, a US financial website, said that since breaking through the consolidation range from April to September, the price of gold has shown a parabolic upward trend. There is no real secret behind this, mainly for the following five reasons: 1. Trump is trying to take control of the Federal Reserve and drive down interest rates to levels that would not have been reached otherwise. 2. The global trade order is disintegrating. 3. The global order surrounding military intervention is collapsing (refer to US Vice President Vance's remarks on the killing of Venezuelan citizens over the weekend). 4. Fiscal spending is out of control. 5. Technical support is unanimous.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Pendle在Hyperliquid上的TVL从零在一个月内增长至约10亿美元
