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Gold prices have taken a "roller coaster" ride! What's the next step? Latest reminders from brokerages.
Jin10 data reported on May 18 that a review of recent brokerage research reports and interviews with institutions revealed that gold remains one of the most followed assets by various institutions. Many institutions interpret that short-term gold prices are under pressure due to multiple factors, making speculation more difficult. However, in the medium to long term, gold is still considered a high cost-performance allocation asset. Some more optimistic institutions claim that gold prices are expected to maintain a long-term rising trend after a phase of pullback. However, some institutions also believe that while the trend of long-term rise in gold may still be there, the momentum for short-term rise has been weakened, reminding investors to avoid high-leverage operations.