Gold prices historically break through $3,800, boosted by safe-haven demand

ChainCatcher news, according to Jinshi reports, the Asian spot gold has historically broken through 3,800 USD, reaching as high as 3,812 USD. Analysts believe this is mainly driven by safe-haven demand, due to reasons including Russia's large-scale drone and missile attacks on Kyiv, the close attention on U.S. military generals' closed-door meetings in Virginia, and investors preparing for a potential U.S. government shutdown that could affect Friday's non-farm payroll report. In addition, expectations for further interest rate cuts by the Federal Reserve are also increasing, providing potential support.