Analyst: Gold is currently still in an unstable state

On October 9th, Jinshi Data reported that gold futures basically stabilized after a mild dumping on Tuesday. Rania Gule, senior market analyst at XS.com, said that gold fell 1% at the close of the previous trading day, as positive economic data from the United States reduced the possibility of further significant interest rate drops by the Federal Reserve, and reports of negotiations for a possible ceasefire between Israel and Hezbollah triggered some profit-taking. Gule said that the prospect of easing tensions has begun to shift funds from safe-haven assets such as gold to high-risk assets such as stocks. As investors closely follow the minutes of the Federal Reserve meeting and the upcoming inflation data, gold is still in an unstable state, and these events may be key factors determining the future trend of gold in the coming weeks.