Gold hit a new historical high again on Tuesday, breaking the record for the 50th time this year, continuing the strong rise trend. The main factors driving the gold price up are two points:

1. Expectations for interest rate cuts in the US are rising: The market bets that the Federal Reserve will start cutting interest rates in the future, and the decline in real interest rates reduces the opportunity cost of holding gold, while a weaker dollar also supports gold prices.
2. Geopolitical risks are escalating: Global conflicts are increasing the demand for safe-haven assets, with funds continuously flowing into gold to hedge against uncertainty.

It should be noted that the price of gold may become more volatile after continuously setting new highs. If inflation rebounds or geopolitical tensions ease, the price of gold may experience a correction. Overall, supported by expectations of interest rate cuts and safe-haven demand, gold remains relatively strong in the short term.