TechFlow, October 15 — According to Jinshi Data, gold prices rose slightly, approaching a new historical high, driven by trade tensions and expectations of two more Federal Reserve rate cuts this year. After Fed Chair Powell hinted at a potential 25-basis-point rate cut later this month, U.S. Treasury yields fell to their lowest level in weeks, with lower yields and borrowing costs typically benefiting precious metals. On the silver front, liquidity shortages in the London market have continued to plague traders, triggering a global buying rush for silver and pushing benchmark prices above New York futures levels. Traders remain uneasy ahead of the conclusion of the U.S. government's so-called Section 232 investigation into critical minerals—including silver, platinum, and palladium. The probe has reignited concerns that these metals could be subject to new tariffs, despite having been formally exempted in April.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
