Analysts: Gold's trend depends on the prospect of interest rate cuts and the trade situation
2025-10-16 13:51:51
International spot gold prices hit a record high for a fourth consecutive session on Thursday, as investors flocked to the safe-haven asset on the back of rising trade tensions and the US government shutdown, while bets on interest rate cuts further fueled the rally. Spot gold hit a record intraday high of $4,256.21. OANDA analyst Zain Vawda said: Gold's direction will depend on the outlook for interest rate cuts heading into 2026 and the development of the trade situation, which could be the catalyst for gold prices to break through $5,000 an ounce. Vawda pointed out that gold's short-term pullback may only be temporary, as bullish investors tend to use the pullback to re-enter the market. (Golden Ten)
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