State Street Global Advisors: The possibility of gold rising another $500 in the next 6 to 12 months is relatively high.

On September 5th, Jin10 reported that State Street Global Advisors' monthly gold monitoring report indicated that the Spot gold price reached a new high in early September, breaking through $3,500 per ounce, mainly influenced by multiple macro factors, including high stock valuations, a steepening yield curve of developed market government bonds, and high uncertainty in U.S. policies. State Street stated that if gold prices can maintain their recent upward trend after the September Federal Open Market Committee (FOMC) Meeting, the firm expects to raise the probability of a long-term optimistic scenario from 30% to 40% in October. Additionally, State Street Global Advisors maintains that the “floor price” for gold in the basic scenario range is $3,100, and believes there is a high likelihood that gold will rise another $500 within the next 6 to 12 months.