The Zhitong Finance App learned that Alex (Alex), senior strategist in the ETF business of Value Partners, shared his latest views on gold. He pointed out that the recent impetus to directly stimulate the sharp rise in gold prices is mainly affected by geopolitical threats, even if the US just announcedNon-farm payrolls dataIt is also strongly expected that the Federal Reserve will slow down the pace of interest rate cuts in November. The price of gold remains stable above 2,650 US dollars, reflecting that the current price of gold is more affected by geopolitical changes than interest rate cuts. As the Middle East conflict shows signs of escalation, gold will continue to benefit from a large number of safe-haven purchases, driving capital flows into the gold market. It is expected that the price of gold will once again challenge the historical high level during the year and rise to 2,800 US dollars.

Furthermore, as the US presidential election approaches, the polls between the two parties are unequal, and uncertainty about election results will continue to affect traditional capital markets. Investors should use precious metals and multi-asset portfolios that are less correlated with risky assets to cope with volatile market conditions. After the election, it is expected that a generous fiscal policy will increase the US budget deficit and cause long-term inflationary pressure. It is estimated that the two parties' reckless campaign promises will enhance the appeal of gold as a safe-haven and anti-inflation asset, which will be beneficial in the long run to push gold prices upward.