Analyst: Gold pullbacks are still "hot cakes"

ChainCatcher news, influenced by Trump's ongoing pressure on Powell, today New York futures gold broke through the 3500 mark, with spot gold just a step away from 3500.

KCM Trade Chief Market Analyst Tim Waterer stated: "Amid concerns over tariffs and the controversy between Trump and Powell, investors have been wary of U.S. assets, allowing gold to fully capitalize on the dollar's predicament and gain a favorable position. Given the rapid increase in gold prices since the beginning of this month, there remains a possibility of a pullback. However, there is reason to believe that if gold prices do pull back, buyers will still be keen on gold, as high economic uncertainty remains a key feature of the market."