04:05
State Street Global Advisors: The possibility of gold rising another $500 in the next 6 to 12 months is relatively high.
On September 5, Jin10 reported that State Street Global Advisors' monthly gold monitoring report indicated that spot gold prices reached a new high in early September, breaking through $3,500 per ounce, mainly influenced by a mix of macro factors including high stock valuations, a steepening yield curve of government bonds in developed markets, and high uncertainty in U.S. policies. State Street stated that if gold prices can maintain their recent upward momentum after the September Federal Open Market Committee (FOMC) Meeting, they expect to raise the probability of a long-term optimistic scenario from 30% to 40% in October. Additionally, State Street maintains that the "floor price" for gold in the basic scenario is $3,100 and believes there is a high possibility of gold increasing by $500 within the next 6 to 12 months.

