How to understand the adjustment of Gold in this round?
Deutsche Bank stated that the recent decline in Gold is mainly due to the rebound of the dollar and the market's overinterpretation of tariff news. The tariff issues in the USA have not yet been resolved, and there remains significant uncertainty about the outlook, therefore the extent of the Gold pullback is limited.
Technology stocks are rebounding, while high-profile stocks are collectively "cooling down". The market may enter a critical period for switching between high and low performances.
Track the entire lifecycle of the main Sector.
Is Bitcoin Setting Up For A Rally Given Its Historical Correlation With Gold?
Goldman Sachs Backs 'Copper Tariff Trade' If Trump Slaps 25% Duty On US Imports
Gold - The Path to $4000
JPMorgan believes that the structural bull market for Gold will continue to strengthen. Gold prices are expected to reach an average of $3,675 in the fourth quarter of 2025, and to break the $4,000 mark in the second quarter of 2026. Strong demand from investors and central banks is anticipated to average 710 tons per quarter in 2025.
"Wall Street's Paulson: Central banks around the world will continue to buy Gold, which is "approaching a new valuation level."
Since the beginning of this year, Gold has increased by nearly 30%. Paulson stated that the central banks' large-scale Buy activities have accelerated the rise of Gold, believing that "the main driving force behind Gold demand is the central banks' attempt to gradually diversify from paper currency to Gold as a reserve currency, and this situation will not change."