TechFlow news, September 30 — According to Jinshi Data, Pepperstone market strategist Ahmad Assiri said that although gold prices have reached new highs supported by speculative flows and structural demand, the upside potential for future price increases appears fragile. He noted that central banks remain active buyers, while institutional portfolios are increasingly allocating more than the traditional 5% benchmark to gold. Given macroeconomic conditions such as weakening U.S. labor market indicators, gold's role as a hedge and diversification tool may remain solid. A potential U.S. government shutdown could also drive investors toward gold and U.S. Treasuries. Although short-term gold fatigue may emerge, any profit-taking would likely be quickly absorbed by demand.
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