Summary: Gold is about to welcome short-term opportunities, with high-level wide-range fluctuations
In recent days, Asian markets have been frantically hoarding oil, with #92 gasoline already rising to 9.4 yuan, making it unaffordable to fill up
Gold has also experienced a significant pullback accordingly. This pullback is mainly due to some institutions rebalancing their portfolios, shifting from gold to higher-yielding bonds/cash. Although central bank gold purchases are still ongoing, the scale has slowed compared to peak years, weakening the price support
Gold right now is not about losing
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