Gold prices have fallen again, but are still expected to record a third consecutive month of pump.

Jin10 data, October 31st news: Gold prices fell on Friday, after initially rebounding to around $4046/oz, they once again fell below the $4000 mark due to the strengthening of the dollar amidst uncertainties regarding further rate cuts by the Fed. However, gold prices are still expected to record a rise for the third consecutive month, having accumulated a 3.9% increase so far this month. KCM Trade's chief market analyst, Tim Waterer, stated: “The Fed Chairman did indeed show a hawkish stance this week, which is not beneficial for gold. It now seems that the possibility of the Fed cutting rates in December is more unpredictable than previously thought, which has boosted the dollar, and from the perspective of yields, this complicates the situation for gold.”