Analysts: The assertion that gold prices will be bullish in the long term has not yet completely collapsed.

Golden October Data reported on May 13 that the annual rate of CPI in the United States fell in April, but rose 0.2% month-on-month, and fell by 0.1% in March. Gold prices fell to their lowest point in more than a month on Monday following the U.S.-China economic and trade talks, but recovered some of their losses on Tuesday amid lingering uncertainty over future trade talks. Forex.com market analyst Fawad Razaqzada said: "The long-term bullish narrative for gold prices has not yet fully collapsed. The rally that drove gold prices higher began long before the tariff drama and was rooted in macro themes such as stubbornly high inflation, geopolitical tensions and central bank uncertainty. ”