Spot gold surges strongly, rising 2.00% intraday, quoted at $4889.39 per ounce



International spot gold experiences a strong rebound, with the intraday increase rapidly expanding to 2.00%, the price sharply breaking above $4889.39 per ounce, showing significant short-term upward momentum, recovering some recent losses.

This round of rally is mainly driven by multiple positive factors resonating: U.S. inflation data slowing down, market expectations for Fed rate cuts heating up again, the dollar and U.S. Treasury yields weakening simultaneously, reducing the cost of holding gold; coupled with ongoing uncertainties in Middle East geopolitical tensions, safe-haven funds continue to flow back into precious metals markets, pushing gold prices higher rapidly.

Meanwhile, COMEX gold futures also strengthen, approaching a 2.3% increase, domestic gold T+D and Shanghai Gold futures also follow with significant gains, all closing in the red, gold-silver ratio continues to optimize, and market bullish sentiment clearly warms up.
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