Mitsubishi UFJ Financial Group analysts said in a report that due to the weakening of the US dollar, gold futures hit a record high for three consecutive trading days and reached a peak of $2570.4 on Tuesday. As there is speculation in the market that Fed Chairman Powell will lay the groundwork for a significant interest rate cut at the Jackson Hole Symposium on Friday, the US dollar has fallen and gold has risen. Mitsubishi UFJ Financial Group also said that we are confident in our gold price expectations higher than the market consensus. We expect that with the support of Fed interest rate cuts, central bank demand, and gold's triple role as a geopolitical hedge asset, the gold price will rise to $2750 by the end of the year.
三菱日联：对金价年底涨至2750美元抱有信心
Mitsubishi UFJ: We are confident that the gold price will rise to $2750 by the end of the year.
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