Gold assets bull-bear collision, some fund managers empty their positions, some are busy adding positions.

After more than two years of significant gains, gold is currently experiencing a fierce battle between bulls and bears. Recently, the gold market has seen extreme volatility driven by the wave of "de-dollarization" and geopolitical tensions. On April 22, the international gold price broke through the $3500 per ounce mark, reaching a new historical high, but then plunged into a massive shock. As of April 25, the international gold price has fallen back to around $3330 per ounce, a drop of nearly 7% in just 3 trading days. Behind the intense fluctuations, gold assets are standing at a crucial crossroads. Some fund managers who have been heavily invested in gold for years have triggered discussions by selling off their gold stocks, while others are choosing to enter the market fearlessly at high levels. A battle of attack and defense regarding gold is quietly unfolding.