MetalsFocus Metals released the “October Precious Metals Monthly Report”. The analysis of the current status and outlook of gold is as follows: The predicted value of gold prices has been drastically raised. The reasons for the increase include growing expectations that the US will speed up interest rate cuts and the growing willingness of professional investors to diversify their portfolios. This often reflects their belief that stock prices are too high or that the prospects for US government debt are poor. Steady purchases of gold by global official departments have also helped the price of gold rise, and this trend is expected to continue in the foreseeable future. Although the pace of purchases has slowed so far this year, net purchases in absolute terms are still at historically high levels. Looking ahead, it is expected that the macroeconomic and geopolitical environment will continue to support gold investment until 2025. Even if the Federal Reserve cuts interest rates slower than expected in the next few months, real yields should continue to decline. Furthermore, given factors such as growing concerns about the level of US debt, heightened tension in the Middle East region, and high stock prices, investors should have reason to diversify their portfolios, which will attract capital to the gold market. Investors seeking to preserve their wealth will further boost the price of gold. However, MetalsFocus believes that once the gold price hits the $3,000 per ounce mark in the first quarter of 2025, it is doubtful whether it can continue to rise. The reason is that expectations for future interest rate cuts by early 2025 will basically be reflected in the gold price. It may be too crowded to go long for gold at that point. Therefore, it is expected that the price of gold may begin to fall later, but considering many macroeconomic and geopolitical uncertainties, the price of gold may remain high until the end of the third quarter of 2025.

MetalsFocus Metals released the “October Precious Metals Monthly Report”. The analysis of the current status and outlook of gold is as follows: The predicted value of gold prices has been drastically raised. The reasons for the increase include growing expectations that the US will speed up interest rate cuts and the growing willingness of professional investors to diversify their portfolios. This often reflects their belief that stock prices are too high or that the prospects for US government debt are poor. Steady purchases of gold by global official departments have also helped the price of gold rise, and this trend is expected to continue in the foreseeable future. Although the pace of purchases has slowed so far this year, net purchases in absolute terms are still at historically high levels. Looking ahead, it is expected that the macroeconomic and geopolitical environment will continue to support gold investment until 2025. Even if the Federal Reserve cuts interest rates slower than expected in the next few months, real yields should continue to decline. Furthermore, given factors such as growing concerns about the level of US debt, heightened tension in the Middle East region, and high stock prices, investors should have reason to diversify their portfolios, which will attract capital to the gold market. Investors seeking to preserve their wealth will further boost the price of gold. However, MetalsFocus believes that once the gold price hits the $3,000 per ounce mark in the first quarter of 2025, it is doubtful whether it can continue to rise. The reason is that expectations for future interest rate cuts by early 2025 will basically be reflected in the gold price. It may be too crowded to go long for gold at that point. Therefore, it is expected that the price of gold may begin to fall later, but considering many macroeconomic and geopolitical uncertainties, the price of gold may remain high until the end of the third quarter of 2025.