CICC Wealth Futures: Speculative funds exit, gold prices are expected to return to rationality

Gold prices have dropped sharply. The main reason is that the speculative capital that began flooding in at the end of last year is gradually moving out of the market. As speculative sentiment retreats, it also becomes possible for gold prices to return to rationality. The market’s long-term mechanism is gradually beginning to return. This digestion cycle is expected to be expected to take several months. As for gold, we still believe there is not much value in participating, and its volatility is too intense—so it’s better to wait and see. (CICC Wealth Futures)

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