The Zhitong Finance App learned that MetalsFocus Metals focuses on publishing the “October Precious Metals Monthly Report”, indicating that due to strong US employment data in September, the financial market has lowered interest rate cut expectations, it is currently more likely that the Fed will cut interest rates by 25 basis points each at the November and December policy meetings. Continued cuts in US interest rates should lead to lower US bond yields, while narrowing interest rate spreads between the US dollar and other major currencies will continue to weigh on the US dollar, which in turn will benefit precious metals. As concerns about the US recession gradually subside, which may lead to a further rise in the stock market, the trend of pursuing portfolio diversification is also expected to continue, which will support the strengthening of gold.

The Zhitong Finance App learned that MetalsFocus Metals focuses on publishing the “October Precious Metals Monthly Report”, indicating that due to strong US employment data in September, the financial market has lowered interest rate cut expectations, it is currently more likely that the Fed will cut interest rates by 25 basis points each at the November and December policy meetings. Continued cuts in US interest rates should lead to lower US bond yields, while narrowing interest rate spreads between the US dollar and other major currencies will continue to weigh on the US dollar, which in turn will benefit precious metals. As concerns about the US recession gradually subside, which may lead to a further rise in the stock market, the trend of pursuing portfolio diversification is also expected to continue, which will support the strengthening of gold.