Home > Quick > Body

Analysts: Gold prices are expected to remain high in the coming weeks, but risks are tilted to the downside

clock
2025-11-07 08:56:45
Gold rallied as the latest US data showed a surge in layoffs in October and market expectations for the Federal Reserve to cut interest rates in December rose. Gold prices are expected to remain high in the coming weeks, but risks remain skewed to the downside due to uncertainty over whether to cut rates in December, according to BMI analysts. Fed officials remain divided on the future policy path due to limited official data due to the government shutdown. "It will be very difficult for gold to break through the all-time high of $4,381 an ounce for the remainder of 2025 unless there is a sudden re-escalation of US-China trade tensions," BMI analysts said.
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.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.