Why did the price of gold start to rise? Multiple logics are intertwined behind the rapid rise in gold prices in this round. Li Gang, research director of the China Foreign Exchange Investment Research Institute, said in an interview that the weakening of the US dollar is a direct catalyst for a breakthrough in gold prices. The positioning of gold has also changed. It is no longer limited to traditional safe-haven assets, but is gradually becoming a tool to hedge against the risk of US dollar credit and sovereign debt. Ms. Yan, an investor from Beijing, told Sino-Singapore Jingwei that up to now, she has held a total of 170 grams of gold investment products, with an average holding price of about 1113.29 yuan/gram. Based on the investment price of about 1,000 yuan/gram on the 25th, she still lost about 19,000 yuan. Li Gang is optimistic about the subsequent trend in gold prices. He believes that it may not be difficult for the gold price to rise to 5,000 US dollars in the short to medium term.

Why did the price of gold start to rise? Multiple logics are intertwined behind the rapid rise in gold prices in this round. Li Gang, research director of the China Foreign Exchange Investment Research Institute, said in an interview that the weakening of the US dollar is a direct catalyst for a breakthrough in gold prices. The positioning of gold has also changed. It is no longer limited to traditional safe-haven assets, but is gradually becoming a tool to hedge against the risk of US dollar credit and sovereign debt. Ms. Yan, an investor from Beijing, told Sino-Singapore Jingwei that up to now, she has held a total of 170 grams of gold investment products, with an average holding price of about 1113.29 yuan/gram. Based on the investment price of about 1,000 yuan/gram on the 25th, she still lost about 19,000 yuan. Li Gang is optimistic about the subsequent trend in gold prices. He believes that it may not be difficult for the gold price to rise to 5,000 US dollars in the short to medium term.