International Precious Metals Futures Rise Across the Board, Fed Rate Cut Boosts Gold Prices

In the early hours of December 11, international precious metals futures generally closed higher. COMEX gold futures increased by 0.52% to $4258.30 per ounce, and COMEX silver futures rose by 2.24% to $62.20 per ounce.

The Federal Reserve's third rate cut of the year lowered the target range for the benchmark interest rate to 3.5%-3.75%, and initiated a $40 billion short-term government bond purchase plan, providing support for gold prices. Previously, gold prices fluctuated around the $4230 level. Bank of America forecasts that supported by central bank gold purchases and expanding global fiscal deficits, gold prices may rise to $4538 per ounce next year, an increase of 8% year-on-year. #美联储降息预测 #加密市场反弹