Gold Hits Record Highs Again, Analysts: Gold Trends Depend on Interest Rate Cut Prospects and Trade Situation

Jin10 data reports on October 16th that the international Spot gold price set a new historical high for the fourth consecutive trading day on Thursday, driven by escalating trade tensions and the U.S. government shutdown. Investors are flocking to this safe-haven asset, while market bets on interest rate cuts further boost the rise. Spot gold briefly touched a record high of 4256.21 USD during the session. OANDA analyst Zain Vawda stated: “The trajectory of gold will depend on the interest rate cut outlook entering 2026 and the developments in trade situations, the latter of which could catalyze gold prices to break through 5000 USD per ounce.” Vawda pointed out that a short-term pullback in gold may only be temporary, as bullish investors often capitalize on pullbacks to get on board.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)