Trader: Gold bulls finally enter the market.

On August 17, Jinshi Data reported that New York independent metals trader Tai Wong stated: “After experiencing two weeks of intense fluctuations, gold prices soared to a historic high, breaking the $2500 barrier, as long positions finally showed their willingness. Now, attention will turn to the Jackson Hole annual meeting and Federal Reserve Chairman Powell’s speech in a week for a more detailed outlook on the upcoming form of interest rate cuts.”