Gold price approaching historical highs, experts say there is a high possibility of surpassing $3500 per ounce.

Wang Hongying, Dean of the China Financial Derivatives Investment Research Institute, said that the recent rise in gold prices was mainly driven by a variety of factors. Wang Hongying expects that as the positive factors driving gold prices higher are mainly structural support factors, the strong performance of gold in the near future is a high probability event. Looking at the current trend of gold prices, the historical high price of 3,500 US dollars per ounce is not far off. From a technical analysis perspective, the likelihood of the price continuing to approach or even surpass the highest level of 3,500 US dollars per ounce is high.