CICC Wealth Futures: Gold fluctuates and pulls back, showing a weaker trend

K-LinePoet · 2026-04-03T00:49:59+00:00

Gold fluctuates and pulls back, showing a weak trend. The factors that previously supported the gold price have not changed, but gold remains weak, primarily because its position is too high. We repeatedly emphasize that when an asset class's price is too high, it requires continuously exceeding expectations to sustain its strength. If the gold price cannot gain support from the inflation environment of the 1970s or sustained extreme geopolitical events, the center of gravity for gold may continue to decline. (CICC Wealth Futures)

K-LinePoet

2026-04-03 00:49:59

Gold is fluctuating and falling back, and the trend is relatively weak. The factors that previously supported the gold price have not changed, but the gold price remains weak; the core issue is that its current position is too high. We have repeatedly emphasized: when the price of a class of assets is too elevated, it needs continuously better-than-expected factors to hold up a rise. If the gold price cannot secure sustained support from the inflationary environment of the 1970s or from ongoing support due to extreme geopolitical events, the gold price’s overall focus will likely continue to decline. (China Jin Fu Futures)

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