Recently, gold prices have once again reached historical highs, a phenomenon driven by multiple factors. Market analysts point out that the ongoing uncertainty in the global economy, speculation about the Fed's policy direction, and the gold purchasing behavior of various Central Banks have collectively driven the rise in gold prices.

Currently, investors' concerns about the outlook for the US economy are intensifying, especially with the resurfacing of stagflation risks, which has led to heightened expectations in the market that the Fed may cut interest rates in September this year. Meanwhile, the general weakness of the dollar has also created a favorable environment for gold prices to rise.

It is worth noting that the tense geopolitical situation and concerns over trade tariffs have further enhanced the appeal of gold as a safe-haven asset. The cumulative effect of these factors has not only attracted individual investors to the demand for gold ETFs, bullion, and coins but has also prompted various Central Banks to continue advancing their foreign exchange reserve diversification strategies.

Industry experts believe that the core factors driving this round of gold price pump are difficult to eliminate in the short term, which means that the gold market may continue to maintain its strong momentum. However, investors still need to closely monitor the global economic situation and policy changes in order to timely adjust their investment strategies.