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2026-10-31 02:16:24
Gold futures for December delivery on the New York Mercantile Exchange fell below the key psychological level of $4,000 per ounce in early trading on the 30th, and the downward trend continued, further declining in the afternoon session, breaking below the psychological level of $3,900 per ounce. As a traditional safe-haven asset, this rapid decline in gold prices is typically closely related to multiple factors, including changes in market expectations regarding the Federal Reserve's monetary policy, a short-term strengthening of the US dollar index, and a recovery in global risk asset sentiment. Going forward, gold price movements will continue to be influenced by a combination of factors, including macroeconomic data and changes in geopolitical situations.
