Bosera Fund Wang Xiang: I am confident in the medium- and long-term performance of the gold market

China Securities Network News (reporter Yu Shipeng) on September 14, Boshi gold ETF fund manager Wang Xiang issued a point of view pointed out that the recent gold market market soared and fell, the performance continued to be weak, the dollar rebound and The expectation of Europe and the United States to reduce the purchase of bonds, is still suppressing the precious metals market. But confidence remains in the gold market's medium- and long-term performance, and investors need more patience.

Wang Xiang said that the gold market performance continued to be weak, the overall exceeded expectations, and the strong rebound of the dollar index last week can partially explain the weakness of gold prices. In addition, the downward break of rare metals, including platinum and palladium, last week may also be a drag on the gold and silver market. However, based on the expectation that the US economic recovery will rely on stimulus policies, and the lack of room for interest rate increases brought about by huge debt costs, there is still confidence in the medium- and long-term performance of the gold market, but the time for low-level consolidation may be extended than previously expected, and investors may need more patience.