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Futures
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HOT
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Simple Earn
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Buy low and sell high to take profits from price fluctuations
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Pledge one crypto to borrow another
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Customized asset management to grow your digital assets
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BTC Staking
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New
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Soft Staking
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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
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Gold price jumps to record high as traders increase bets on Fed rate cuts and Trump's election victory
The July 16th data from Golden Ten indicated that the price of gold once again reached a historic high, as the market's hope for a rate cut by the Fed continued to rise, and some traders increased their bets on Trump's re-election as US president. Spot gold briefly touched $2451.44 per ounce, breaking the previous high set at the end of May. Signs of slowing US inflation have fueled speculation that the Fed will soon start cutting interest rates. Investors in various markets are also weighing the probability of Trump returning to the White House, as his momentum has surged after the weekend assassination attempt and the dismissal of criminal charges.