Middle East Conflict Resurges + Inflation Cools Down, Gold Bulls Receive Strong Support!



Geopolitical tensions suddenly escalate, and global safe-haven funds flood into the gold market, directly driving gold prices higher. U.S. core PCE data underperform expectations, and the dollar along with U.S. Treasury yields weaken simultaneously, further reducing the cost of holding gold and opening up upside potential for gold prices.

Coupled with continuous central bank gold purchases worldwide, long-term buying support remains solid. The short-term safe-haven demand combined with medium-term rate cut expectations creates a resonance, maintaining the bullish trend for gold. Pullbacks are seen as good opportunities to buy low, and the market is expected to reach new highs again!
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