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On Thursday, the gold price Rebound is expected to continue to pump due to factors such as the US deficit and geopolitical risks.
Golden Data September 19th News, the price of gold rebounded on Thursday, Alex Ebkarian, Chief Operating Officer of Allegiance Gold, said: The market is considering larger and more rate cuts because the United States has fiscal and trade deficits, which will further weaken the overall value of the dollar. When you consider geopolitical risks, current deficits, low yield environment, and the softening of the dollar in the United States, all these factors combined are the reasons for the pump in gold. In our view, this uptrend may go even further. Our target is to reach $2700 per ounce by mid-2025. In addition to short-term risk-driven factors, we expect the demand for gold ETFs to increase in the coming months.