[Gold May Face Further Pressure This Year, Mainly Due to Significant Uncertainty Around the Fed's Next Move] Odaily Planet Daily News – On October 16, Capital Economics' climate and commodities economist Hamad Hussain predicted that gold prices might gradually decline for the remainder of the year. He cited two reasons: the Federal Reserve's continued interest rate hikes and concerns that the AI boom may ultimately prove to be a temporary phenomenon. This indicates that his outlook on gold prices involves both interest rate trends and the prospects of the AI boom. Bart Melek, Global Head of Commodity Strategy at TD Securities, stated that gold remains within a range and is leaning toward the lower end of the support zone, primarily due to significant uncertainty surrounding the Federal Reserve's next move. (Jin10)