Market Analysis: Trade optimism may trigger a short-term pullback in gold prices.

Jin10 data reported on October 27, the price of gold continues to fall, as the increasingly optimistic sentiment surrounding the trade situation has weakened safe-haven demand. Joshua Mahony, chief market analyst at Scope Markets, said: “In the context of last week's big pump in gold prices, if the trade situation begins to improve, the market generally expects a pullback in the short term.” However, supported by the growing expectations that the Fed will cut interest rates this week, gold prices have still risen by over 50% this year. Mahony stated: “As the market has basically digested the two remaining rate cuts in 2025, next year's price fluctuations may come from changes in market sentiment.”