CoinWorld News reports that analyst Priyanka Sachdeva from Phillip Nova pointed out that the long-term outlook for gold remains positive, but short-term risks have increased due to the high price levels. Amid strong macroeconomic and geopolitical forces resonating together, the spot gold price has broken through the $4600 mark, reaching a new milestone. She stated that after softening U.S. labor market data, market expectations for more aggressive rate cuts by the Federal Reserve have intensified, becoming a key driving factor. The Federal Reserve's easing expectations, continuous inflows of ETF funds, and robust physical demand all support the long-term bullish case for gold. "However, given that gold prices are at historic highs, investors should remain optimistic but cautious and be prepared for increased volatility."