Lates News

Gold is experiencing drastic fluctuations, but the market still has strong confidence in the fundamental driving force of the long-term (upward) trend. Solomon's global market analyst Nick Cawley stated that the current volatility is just short-term noise. It is expected that in the coming weeks, the price of gold will once again break through $5000 and retest the high of $5600 from the past few decades in the second quarter. Market washouts are healthy, especially after a strong rebound, and the technical outlook remains positive. Tailwinds still exist, although the dollar may be strong at the moment, a rate cut in the next few months will weaken the dollar or at least prevent it from rising further. XS.com senior market analyst Rania Gule stated that although the price of gold may stay below $5000 per ounce in the short term, it is still possible to rise to $6000 by the end of the year. The market has not yet exhausted its bullish momentum. However, investors have become more selective and cautious, meaning that future increases may be more driven by corrections accompanied by more fundamental factors rather than purely momentum or speculation. The precious metals market is currently in a phase of repositioning rather than trend reversal.