TechFlow news, January 12 — Phillip Nova analyst Priyanka Sachdeva noted that gold's long-term outlook remains positive, but short-term risks have increased due to elevated price levels. Fueled by a strong confluence of macroeconomic and geopolitical forces, spot gold prices have broken through the $4,600 mark, reaching another milestone. She said softer U.S. labor market data has heightened market expectations for more aggressive rate cuts by the Federal Reserve, serving as a key driving factor. The long-term bullish case for gold is further supported by expectations of Fed easing, continuous inflows into ETFs, and resilient physical demand. "However, given that gold prices are already at historic highs, investors should remain optimistic yet cautious, and prepare for heightened volatility." (Jinshi)
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