CICC Wealth Futures: The gold market faces a dual squeeze of liquidity shortages and inflation pressures

Our views on the precious metals market remain unchanged. The gold market is clearly being "bleed" by AI, and additionally, the market's understanding of oil shortages is severely lacking, or they are maintaining an ostrich mentality regarding oil scarcity. If the Strait of Hormuz cannot be navigated in July, there is a risk of oil prices spiraling out of control. Currently, the gold market is under dual pressure from liquidity shortages and inflation, limiting participation value. (CICC Wealth Futures)
GLDX0.33%
PAXG0.21%
XAU0.25%
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