The price of gold has been soaring recently, hitting a record high, approaching 740 yuan / gram!
Today's gold price
In the 14 trading days to April 12, U.S. gold futures closed higher in 11 trading days, at one point standing above $2,400 an ounce. Analysts believe that the recent rebound in U.S. inflation, geopolitics and other factors support the rise in gold prices. However, as gold has been extremely overbought, gold prices may correct in the near future, and gold prices still have room to rise in the medium to long term.
Analysts believe that gold prices still have upside potential as there are no signs that the pace of gold purchases by the world's major central banks will slow down. Some institutions even predict that the "gold rush" in 2024 has just begun, and the heat may last for 2 to 3 years, and the gold price is still in a cyclical upward channel.
Source: Xinhua News Agency, Tencent Wealth Management
Editor and producer: Guo Linghui
Reviewer: Bao Jingjing
Audit: Peak