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According to Securities Times, at the 2025 JD Wealth Gold Investment Strategy Summit held by JD Financial on July 3rd, Yang Zhenhai, head of investment business in China for the World Gold Council, stated that there is a high probability of wide fluctuations in the price of gold in the second half of 2025, but the downside is limited. In the medium to long term, core factors such as U.S. credit risk will continue to support the bull market in gold. The long-term annualized return of gold is about 8%, which is equivalent to the global nominal GDP growth rate; with the accelerated purchase of gold by central banks around the world, the central point of gold returns is expected to rise.
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