Domingo Securities: 降息25BP将使金价小幅回落 预计金价将在明年年初突破2700美元

Golden Data 18th of September, according to Bart Melek, an analyst at TD Securities, if the Federal Reserve starts a easing cycle by cutting interest rates by 25 basis points, it is expected that the gold price will further decline from the record high of $2,589 reached recently in the coming days, which is the main point of view of the analyst. However, Melek opposes turning bearish on gold and states that if the Federal Reserve acts as expected, the gold price may only experience a slight retreat. He predicts that the gold price will then break through the $2,700 mark in early 2025.