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Market Analysis: Trade optimism may trigger a short-term pullback in gold prices.
Jin10 data reported on October 27th that gold prices continued to fall as the growing optimism surrounding trade issues weakened safe-haven demand. Joshua Mahony, Chief Market Analyst at Scope Markets, stated: "In the context of last week's big pump in gold prices, if trade issues begin to improve, the market generally expects a pullback in the short term." However, supported by the increasing expectation of a rate cut by the Fed this week, gold prices have still risen more than 50% this year. Mahony added: "As the market has largely priced in the two remaining rate cuts for 2025, next year's price fluctuation may come from changes in market sentiment."

