Odaily星球日报讯 美联储首次降息 50BP 后，现货黄金延续涨势，向上触及 2600 美元/盎司关口，创历史新高。（金十）

黄金上破2600美元关口，续创历史新高

Odaily Odaily: After the Federal Reserve cut interest rates by 50BP for the first time, spot gold continued to rise, reaching the $2,600/ounce mark, setting a new record high. (Jinshi)

Gold breaks through the $2,600 mark, setting a new record high

In the Asian market this morning, gold prices rose slightly. Tickmill analyst Joseph Dahrieh stated that driven by the weakening of the US dollar and the rising expectations of a significant interest rate cut by the Federal Reserve, gold prices are still near historical highs. Dahrieh said that recent US employment market data showing economic slowdown has increased the possibility of a 50-basis-point rate cut. Dahrieh also said that the rising political uncertainty ahead of the US November election has also increased the appeal of gold as a safe-haven asset.

Market analysis: Expectations of a 50 basis point rate cut by the Federal Reserve and the election boost gold prices

Odaily Planet Daily Report: Goldman Sachs expects that if the Federal Reserve chooses to cut interest rates by 25 basis points this week, gold may face a slight pullback in the short term, but will then set a new record high driven by inflows into gold ETFs. Goldman Sachs analysts Lina Thomas and Daan Struyven stated in the report that "a Fed rate cut will drive Western capital to flow back into gold ETFs, a factor that has been largely absent in the past two years of the gold rally." They reiterated Goldman Sachs' forecast that gold prices will rise to $2,700 per ounce at the beginning of next year. Goldman Sachs economists expect the Federal Reserve to cut interest rates by 25 basis points on Wednesday. Under this baseline scenario, the gold price may experience some tactical pullback, but it is expected that as the Federal Reserve enters an easing cycle, gold ETFs will attract gradual inflows, driving the gold price higher.

Goldman Sachs: If the Fed cuts interest rates by 25 basis points this week, gold prices may face a small correction in the short term

The forecasts related to the September meeting are particularly valuable, as there are only two meetings left this year, in November and December.

Author: He Hao, Wall Street View

On Tuesday, the well-known financial journalist Nick Timiraos, known as the "New Federal Reserve News Agency," wrote that the Federal Reserve is about to cut interest rates, but the magnitude of the first rate cut is still in doubt. The Federal Reserve usually tends to act in increments of 25 basis points, but this time, the situation has become more complex.

Timiraos bluntly stated that the current federal funds rate is 5.25%-5.5%, which is at the ...