Loading...
**[Gold Prices Break Through $4,000 Mark, Dollar Weakness and Rate Cut Expectations as Key Drivers]** Gold prices rebounded above $4,000 per ounce on Tuesday, driven by a weakening dollar and heightened market expectations for further rate cuts by the Federal Reserve. Spot gold briefly touched $4,019 per ounce during early trading, marking a significant recovery from recent lows. On Monday, gold prices had dropped over 3%, hitting their lowest level since October 10. KCM Trade Chief Market Analyst Tim Waterer stated that the dollar's weakness provided support for gold prices, while also attracting off-market investors to enter and build positions within the current price range. Signs of easing international trade tensions failed to significantly suppress gold's upward momentum. (UTC+8)