Analyst: Gold price breaks through $3,500 historic high, and the mild rebound of the US dollar has little impact
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最新报道：According to Bijie.com, gold buying interest remains strong amid rising bets on a September Federal Reserve rate cut. Uncertainty surrounding US tariffs, concerns about the Fed's independence, and geopolitical factors are all positive for gold. Ahead of this week's US macroeconomic data releases, a modest rebound in the US dollar has had little impact on gold's upward momentum. During Tuesday's Asian trading session, gold prices continued their upward trend for the sixth consecutive day, reaching a new all-time high and breaking through the psychological barrier of $3,500 per ounce. Growing acceptance of a Fed rate cut this month is proving a key factor driving continued flows into non-yielding gold. Furthermore, uncertainty surrounding US tariffs and escalating geopolitical tensions are other factors supporting safe-haven gold. These factors have largely offset the negative impact of the dollar's slight rise. However, short-term charts indicate extremely overbought conditions, prompting caution among gold bulls before positioning for further gains. Furthermore, with several key US macroeconomic data releases expected this week, including the non-farm payroll report, investors may choose to wait and see.
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