Can the price of gold bars break through 800 yuan? Experts say that in the long term, gold still has an upward trend.

Since mid-March, the price of domestic investment gold bars has entered the 700 yuan/gram range, reaching over 800 yuan/gram at one point. Currently, the price of domestic investment gold bars has been hovering around 700 yuan for over four months. How long will the price of gold bars continue to stay around 700 yuan, and will it surpass 800 yuan in the future? Zhao Qingming, Deputy Director of the Information Research Institute, believes that from a trade perspective, the price of gold fell from its high of $3400 per ounce last Wednesday. Since the beginning of this year, especially since early April, the tariff war and global trade war have become important factors influencing the price of gold. When the trade war intensifies, the price of gold rises, but when tariff agreements are reached and trade tensions ease, the price of gold drops significantly. Wang Hongying, Director of the China Financial Derivatives Investment Research Institute, predicts that in terms of long-term development trends, the political, economic, and military confrontations between countries are long-term contradictions that lack fundamental solutions. Therefore, in the long term, gold still has an upward trend.