At the moment when technology giants fell collectively, the price of gold soared! Market hedging buying frenzy swarm Jackson Hole eve gold regained momentum.

Wisdom Financial APP has learned that, ahead of the upcoming Jackson Hole Global Central Bank Symposium, both gold futures and spot prices have rebounded in the US stock market as tech giants' stock prices continue to decline. Especially during the trading hours of the US stock market on Wednesday, as the S&P 500 and Nasdaq 100 indices were soft for two consecutive days due to the downward trend of tech giants' stock prices, market risk aversion sentiment significantly increased, pushing the spot price of gold higher to near the super key level of $3350. Gold prices also benefited from the increased expectations of a rate cut by the Federal Reserve in September and the continued weakening of the US dollar.