Spot Gold Sets New All-Time High to $2,550/Ounce
Spot gold continued to rise, setting a new all-time high of $2,550 per ounce. Released earlier, the U.S. first jobless claims rose for the first time in three weeks, August PPI rose slightly more than expected. According to the CME “Fed Watch”, the market expects the Federal Reserve on September 19 to cut interest rates probability of 100%, of which the probability of a rate cut of 25BP 85%, the probability of a rate cut of 50BP 15%; the number of interest rate cuts during the year is expected to be 4 times.
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