Shanghai gold main contract reaches historical high, driven by expectations of Federal Reserve interest rate cuts and risk aversion

According to a report by Jinshi Data, the Shanghai gold main contract has reached a historical high, driven mainly by expectations of interest rate cuts by the Federal Reserve and market risk aversion. In addition, the central bank's continuous gold purchases and the influx of ETF funds have also supported gold prices. The market is paying attention to whether the medium- to long-term bullish pattern of gold has been established.