Deutsche Bank: As long as the expectation of a significant interest rate cut continues to exist, the pump of gold should continue.

On September 20th, Jinshi Data News, the price of gold futures pumped 0.9% to $2,637.20 per ounce, hitting a new record of $2,640.70 per ounce earlier in the day, as investors benefited from the Fed’s interest rate cut. Analysts at Deutsche Bank said in a report that although the Fed emphasized that a 50 basis point rate cut was an exception rather than the norm, the market seemed unconvinced, increasing investors’ interest in zero-yield gold. Deutsche Bank said that traders expect a further 75 basis point rate cut by the end of the year, and as long as these expectations continue, the pump in gold should continue. However, Deutsche Bank expects the Central Bank to cut interest rates by only 25 basis points in the remaining two meetings, and analysts added that the rise in gold prices should not last forever.