Institutions: As the "December Rush" approaches, the likelihood of gold prices hitting a new record high increases significantly.

According to a TechFlow report on November 26 by Jin10, as the traditional sales peak for gold in December approaches, the gold price has steadily remained above $4000 per ounce, increasing the likelihood of a new historical high. From the East to the West, physical gold is expected to see huge demand around the end of the year, as the wedding season in Asia (especially India) coincides with the Christmas and New Year holidays in Europe and America. Central banks around the world continue to purchase gold to build forex reserves, and the continuous inflow of funds into gold ETFs also increases the chances of gold prices reaching historical highs. Bart Melek, head of commodity strategy at TD Securities, stated that the recent possibility of interest rate cuts in the US is an added bonus for those bullish on gold. The most recent historical highs for New York gold futures and international spot gold prices are $4398 and $4381, respectively.