News

⑴ Goldman Sachs maintains its bullish outlook on gold, expecting the price to reach USD 5,400 per ounce by year-end. Central bank diversification remains a key pillar, and despite several rounds of volatility, official sector demand remains resilient. ⑵ The bank also expects speculative positions to normalize and forecasts that the US Federal Reserve will cut rates by about 50 basis points, thereby reducing the opportunity cost of holding gold. ⑶ Goldman Sachs notes that in the short term, risks are skewed to the downside, especially if geopolitical tensions trigger further liquidations. However, in the medium term, geopolitical uncertainty and concerns about fiscal sustainability may accelerate global diversification towards gold, thus strengthening its long-term upward trend.

Foresight News reports that the verifiable AI computation layer OpenGradient has announced the completion of all OPG token distribution tasks for the first season. The second season is about to begin, and the project's mainnet launch is continuously progressing.

Foresight News reports that the prediction market platform Kalshi has officially launched a music streaming trading market. Users can now trade on the rises and falls of weekly Spotify play counts for artists such as Drake, Taylor Swift, Justin Bieber, and Bad Bunny. The market is now open.