News

Jinse Finance reported that driven by expectations of interest rate cuts and heightened geopolitical tensions, gold futures continued their rally on Monday after reaching a record high. Currently, gold futures are trading near $3,547, up 0.88% on the day, having climbed as high as $3,557.10 per ounce during intraday trading. FxPro analyst Alex Kuptsikevich noted in a research report that macroeconomic and geopolitical news continue to favor precious metals, with reports indicating that India is actively selling U.S. government bonds and increasing its gold reserves. He also stated that the lack of progress in Russia-Ukraine peace talks has further boosted safe-haven demand. Kuptsikevich pointed out that in the short term, the most significant bullish factor is the market's rising expectations for a Federal Reserve rate cut in September. However, he cautioned investors to remain prudent when participating in the current gold rally, as historical highs often trigger large-scale profit-taking, as was the case in April this year.

Jinse Finance reported, market news: Google (GOOG.O) has denied claims regarding a major Gmail security warning, stating that it is "completely false" and emphasizing that its protective measures remain strong and effective.