Guotai Junan: Altın için aşırı tahsis görüşümüzü koruyoruz.

Gate.io Data, August 27th, Guotai Junan stated that the downward trend of US bond interest rates is determined, and in the context of de-globalization, the safe-haven sentiment is expected to support the gold price and it is difficult to decline. In the medium to long term, the main factors affecting the pricing of gold are the actual interest rate of US bonds and safe-haven sentiment, but the main marginal pricing factor currently determining the gold price is still the latter. If the ‘preventive rate cut’ fails to prevent the US economy from recession and instead turns into a ‘recessionary rate cut’, gold will be greatly boosted in terms of rising safe-haven sentiment and declining actual interest rates. In a more probable scenario, if the US economy achieves a soft landing, the actual interest rate will also decline moderately, and the start of the US rate cut cycle will still have a certain boosting effect on the gold price. Against the background of de-globalization and changes in the global order, it is expected that the frequency of geopolitical conflicts will remain high, the safe-haven sentiment is difficult to decline, and it will continue to support the performance of gold.