Gelonghui October 16th | Gold futures rose by 0.6% intraday to $2695.70 per ounce, staying near historical highs. DHF Capital's CEO and Asset Manager Bass Kuyman stated that the decline in US stocks further supported gold, as safe-haven sentiment prompted investors to seekIts price has soared to a historic high, closely related to market expectations of interest rate cuts by the Federal Reserve.Expectations in the market are that the Federal Reserve will cut interest rates by 25 basis points at the upcoming meeting, which could strengthen the US dollar and limit the upward momentum of gold. Investors are also awaiting data on US retail sales, industrial production, initial jobless claims, etc., to find more clues about the Fed's monetary policy easing. At the same time, concerns such as geopolitical tensions and uncertainty about the US presidential election are also supporting the price of gold.