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New
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Customized asset management to grow your digital assets
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New
Use USDT/USDC to mint GUSD for treasury-level yields
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- 💥 Gate Square Event: #PostToWinPIGGY 💥
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Gold prices rise, analysts: no other catalysts besides technical rebound.
Jin10 data reported on October 30, supported by the dollar's pullback and the Fed's interest rate cut, gold prices rebounded on Thursday. Capital.com analyst Kyle Rodda stated, “Aside from the technical rebound, there are no other catalysts pushing gold higher. There are many unfavorable factors for gold this week. The trade agreement has weakened the bullish impact of trade and geopolitics, and the Fed's hawkish rate cut and the decreased possibility of another rate cut in December are also unfavorable for gold. I believe that under this situation, gold may continue to pull back. Although in the long run, the trend for gold is upward.”