The precious metals market has been getting interesting lately—after rising for so long, it’s starting to recover. Gold, silver, and other metals are collectively weakening, leaving many people wondering about the reasons. Frankly, part of it is technical profit-taking, while another part is directly linked to the easing of geopolitical risks.

The situation in Iran has stabilized considerably, the US is currently adopting a wait-and-see attitude, and Russia has also sent some signals of de-escalation. As a result, the market’s tense risk-averse sentiment has eased somewhat, and funds that previously flooded into the gold market are beginning to withdraw. Short-term pressure naturally arises.

Industry insiders point out that this wave of adjustments in gold and silver essentially reflects the release of previously accumulated geopolitical risk premiums. Although this correction looks fierce, it is not enough to change the long-term upward logic of gold.

What’s even more worth paying attention to is the true attitude of institutions. They believe that, in the context of the global economy still full of uncertainties and the gradual easing of monetary policies worldwide, gold’s status as a safe haven and inflation hedge remains solid. By the end of the year, there’s still a chance for gold prices to surge toward the historic high of $5,000 per ounce. Of course, there will be many fluctuations and corrections along the way—that’s normal.

Looking deeper, factors such as increased multipolarization, heavier debt burdens, and the evolution of the monetary system could all drive gold into a new round of revaluation. The short-term easing of geopolitical risks is just a detour; the long-term story is far from over.