Gold prices fell after reaching a historic high, experts say they are still expected to rebound

USHK News
2025.03.02 07:02

On March 2nd, Jin10 Data reported that recently, international gold prices have fallen over 100 USD after reaching a historical high. Wang Youxin, a senior researcher at the Bank of China Research Institute, stated that the recent decline in gold prices is mainly influenced by a decrease in risk aversion sentiment and the appreciation of the US dollar. However, the value of gold as a safe-haven asset still exists. If geopolitical tensions rise again or global economic uncertainty increases, gold prices may find support and rise. In addition, continuous purchases of gold by central banks will also provide support for gold prices. Gold prices are still expected to break through the 3000 USD mark by 2025