Professor Wan Zhe of Beijing Normal University: Currently, it is expected that the price of gold will continue to fluctuate at a high level.

On May 12th, the market received a major news: substantial progress has been made in the China-US economic and trade negotiations. As a result, international gold prices fell sharply, dropping by more than 3% at one point, then rebounding back to the high level of the volatility range. Market sentiment remains sensitive and fragile. Wan Zhe, a professor at Beijing Normal University, stated that there has been a very important turning point in the China-US tariff war and trade war. The relationship between China and the US is also undergoing a period of easing, reducing the expectations of uncertainty and instability. As a result, the price of gold naturally fell or rebounded. However, international politics, as well as some conflicts in geopolitics, will increase the risk aversion sentiment. Currently, the price of gold is expected to continue to fluctuate at a high level.