Do not seek to have everyone understand, but seek to have a clear conscience.

Stick to your own path, and there will surely be echoes ahead.

With geopolitical conflicts overlapping, has the ‘Christmas market’ for gold really been questioned? Is Goldman Sachs warning of $4,900? Central banks around the world are scrambling, geopolitical tensions are escalating, can the myth of gold as a safe haven continue?

From an investor's perspective, the price has shown a prominent rise; although gold prices are just a step away from $4,500, given the current upward momentum, a breakthrough is just a matter of time. Moreover, in the context of favorable geopolitical conditions, the price maintaining high levels indicates that the market continues to recognize the premium brought by geopolitical risks, especially when policy actions rather than merely rhetoric may influence the flow of physical goods.

The international spot gold price has risen nearly 70% this year, and U.S. President Trump has also advocated for a more accommodative monetary policy. A decrease in interest rates is typically beneficial for non-yielding precious metals, including earlier this year when Trump’s radical measures to reshape global trade further pushed up gold prices.

Early this morning, it was mentioned that a slight pullback in gold could be seen as a buying opportunity. The gold price during the Asian session opened as I expected, pulling back near $4,485 before starting to rebound, providing a good short-term space for bulls. The bullish outlook remains as we maintain the pullback strategy. Continue to look bullish around $4,475-$4,480, with a breakout target near $4,520 #比特币与黄金战争