Intraday plunge of over 3.5%, spot gold falls below $3210 per ounce, experts say long-term uptrend logic remains unchanged.

In response to the recent sharp fluctuations in the price of gold, Song Jiangzhen of the Guangdong Southern Gold Market Research Institute pointed out to reporters that the current international situation is trending towards easing, economic growth expectations are rising, and the temporary decline in risk aversion is pushing gold prices downward in the short term. However, the trend of de-dollarization continues, and the momentum for gold prices to rise in the long term remains with central banks continuing to buy gold. Many investors are choosing to buy on dips as the price of gold falls. Song Jiangzhen further stated that as the positions and trading volume in the gold market increase in sync, the volatility of gold prices also increases. However, central banks are continuing to increase their holdings of gold, the trend of de-dollarization has not reversed, and in the long term, the logic of gold prices continuing to rise remains.