El precio del oro enfrenta una presión a la baja a corto plazo, pero las instituciones ven un buen valor para la asignación a largo plazo.

People’s Finance and News April 8 Report: Recently, international gold prices have been fluctuating at high levels. As the geopolitical situation in the Middle East heats up, the U.S. Dollar Index strengthens in phases, and is compounded by short-term selling disturbances from some central banks, gold prices face pressure and pull back. According to the World Gold Council’s latest data, in February, global central banks net bought 19 tons of gold, a significant increase compared with January. Central banks in emerging markets continue to add to their holdings, while the Central Bank of Russia and the Central Bank of Turkey have become the main sellers of gold. Institutional analysts believe that the selling by a small number of central banks is more of a tactical operation and has not changed the overall tone of global central banks’ gold buying. Under the long-term trend of weakening U.S. dollar credit, the allocation logic of gold as a tool for reserve diversification and a credit-hedging asset remains firmly in place. The short-term pullback does not alter the medium-to-long-term upward trend; after being oversold, it has medium-term allocation value. (China Securities Journal)