<p>Wang Hongying, the director of the China Financial Derivatives Investment Research Institute, stated that the recent rise in gold prices is mainly driven by multiple factors. Wang expects that, since the favorable factors pushing up gold prices are mostly structural support factors, it is highly likely that gold will perform strongly in the near future. Based on the current trend of gold prices, it is not far from the previous historical high of USD 3,500 per ounce. From a technical analysis perspective, there is a significant possibility that prices will continue and approach or even break through the highest level of USD 3,500 per ounce</p>

<p>Wang Hongying, the director of the China Financial Derivatives Investment Research Institute, stated that the recent rise in gold prices is mainly driven by multiple factors. Wang expects that since the favorable factors pushing up gold prices are mostly structural support factors, it is highly likely that gold will perform strongly in the near term. Based on the current trend of gold prices, it is not far from the previous historical high of USD 3,500 per ounce. From a technical analysis perspective, there is a high possibility that prices will continue and approach or even break through the highest level of USD 3,500 per ounce</p>

Gold prices are approaching historical highs, experts say there is a significant possibility of breaking the highest level of $3,500 per ounce