Gold prices are soaring and plunging, with countries both buying and selling.

"Since the beginning of this year, the price of gold has skyrocketed by over 50%, reaching a historical high of nearly $4400 per ounce, but it has recently lost its luster," the US financial news media TheStreet reported. With the sharp rise and fall of gold prices, central banks around the world have shown a divergence in their attitudes towards gold, which is currently at the "$4000 mark". Some central bank officials have already stated that their countries should sell off some "excess" gold. According to an analysis by the Australian website "VT Markets" on the 30th, the speed at which global central banks are purchasing gold has significantly slowed down. In the eyes of many analysts, factors such as a weakening US dollar, global central bank gold purchases, and increasing geopolitical uncertainties have become important "drivers" of the current strength in the price of gold. However, recently, due to the progress made in the US-China trade negotiations, demand for safe-haven assets has decreased, causing the price of physical gold to fall below the $4000 per ounce mark. With the large fluctuations in the price of gold, the "gold-buying behavior of central banks around the world has noticeably cooled down," "VT Markets" reported, stating that the gold-buying activities of some countries have entered a temporary halt.