Foreign media: On October 2, gold prices fell after reaching a new historical high. Previously, gold prices rose due to the US government shutdown and market expectations of Federal Reserve rate cuts.
Lorie Logan, president of the Dallas Federal Reserve, said that the Federal Reserve should be cautious about further rate cuts, which cooled market expectations of Fed rate cuts, leading to a drop in gold prices.
Nevertheless, gold has risen 47% this year and is still seen as a safe-haven asset. Goldman Sachs maintains a bullish stance on gold, expecting gold prices to reach $4,000 per ounce by mid-2026.
US Government "Shutdown" Crisis
Original: www.toutiao.com/article/1844929531976716/
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