TechFlow news, September 4 — According to Jinshi Data, a research report from CITIC Securities stated that since late April, gold has been in a volatile market, which we believe results from a complex balance of factors including tariff shocks, U.S. fiscal conditions, geopolitical tensions, and central bank gold purchases. However, changes in these factors may initiate an upward trend for gold. The improvement in tariff expectations may have paused temporarily, while the impact of stagflation may just begin to emerge; a significant decline in geopolitical risks before year-end is unlikely; the Federal Reserve may start front-loading rate cuts; and the global central banks' gold-buying trend remains stable. Under neutral assumptions, our model forecasts that gold prices could exceed $3,730 per ounce by year-end.
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