Jinse Finance reported that gold prices have reached new historical highs due to rising safe-haven demand, increased expectations of US interest rate cuts, and continued gold purchases by central banks. Krishan Gopaul, Market Intelligence Manager at the World Gold Council, pointed out that ongoing market uncertainty, concerns over the independence of the Federal Reserve, renewed expectations for a rate cut in September, the reemergence of US stagflation risks, and a generally weaker US dollar have all strengthened the appeal of gold. Geopolitical tensions and tariff concerns have further reinforced this trend. Gopaul stated that gold ETFs, bars, and coins continue to see strong demand from investors, and central banks are also advancing the diversification of their reserves. He added that the core factors driving this round of price increases are unlikely to disappear in the short term.