Gold futures rose 0.5% to 2691.90 US dollars/ounce, close to the record high of 2708.70 US dollars/ounce set at the end of September. Chris Weston, head of research at Pepperstone, said that after fading out of the public eye in recent weeks, gold is attracting more and more buying, and momentum may easily accumulate, although the reason behind this rise is unclear. Weston said in a report that the factors driving the rise in gold prices may include more and more sharp interest rate cuts in different markets, the risk of the US presidential election, and the threat of continuing geopolitical tension. Weston said that the pullback of gold in recent trading days has not been significant, and after each increase, the price of gold will consolidate and then reach a new high. Investors are betting on this trend will be a wise move.

Gold futures rose 0.5% to 2691.90 US dollars/ounce, close to the record high of 2708.70 US dollars/ounce set at the end of September. Chris Weston, head of research at Pepperstone, said that after fading out of the public eye in recent weeks, gold is attracting more and more buying, and momentum may easily accumulate, although the reason behind this rise is unclear. Weston said in a report that the factors driving the rise in gold prices may include more and more sharp interest rate cuts in different markets, the risk of the US presidential election, and the threat of continuing geopolitical tension. Weston said that the pullback of gold in recent trading days has not been significant, and after each increase, the price of gold will consolidate and then reach a new high. Investors are betting on this trend will be a wise move.