Winkelmann

Gold prices have surged to new highs this year, but frequent profit-taking has led to sharp sell-offs, and the market is becoming increasingly cautious. Can the uptrend continue?

The 2300 mark of the gold will likely be broken again. Is the strong bull market coming to an end?

The Bank of Canada and the European Central Bank cut interest rates before the Federal Reserve. However, judging from what central bank officials say, they are not very dovish but remain cautious despite rate cuts.

Despite high interest rates in the US, the real estate market is thriving against the trend, driving up housing inflation. This disrupts the Fed's efforts to lower overall inflation, making it difficult to implement interest rate cuts.

The substantial interest rate differential between the U.S. and Japan drives the continuous depreciation of the yen. Even with intervention from the Japanese government, the impact is quite limited and it cannot alter the long-term weakening of the yen, providing even more profitable opportunities for speculators to short the yen.

Iran launched an attack on Israel, and gold took the opportunity to surge and then pulled back, which may trigger more corrections in the short term. However, in a year when the Fed may turn to rate cuts, the support for long-term bullishness for gold remains, so there will be better buying opportunities ahead.

Gold continues to break historical records, with unlimited heights in the future.

In a year when the Fed may be turning to interest rate cuts, the future of gold remains optimistic, supported by multiple factors.

Despite the escalating situation in the Middle East, the crude oil market reacted poorly and continued to trade in a range with a lack of clear direction.