Fitch's BMI: The rise of gold seems to have come to an end.

Jin10 data, July 2nd: Analysts from BMI, a subsidiary of Fitch, stated that the rise in gold seems to have come to an end. They wrote that given the trade uncertainties, escalating geopolitical tensions, a weakening dollar, and increasing purchases by central banks, gold remains at a high level. However, for gold prices to break through the historical high of $3500 per ounce set in April, either a war must break out in the Middle East or the Federal Reserve must cut interest rates significantly. BMI maintains its forecast for the average annual gold price in 2025 at $3100 per ounce.