The Zhitong Finance App learned that the Bank for International Settlements (BIS) said in its quarterly market development report on Monday that retail investors have driven the recent rise in gold prices, breaking away from the traditional safe-haven asset model and becoming a more speculative asset. Although the rally may have begun when institutional traders are suspicious about overvaluing stocks, the Bank for International Settlements notes that there is evidence that retail investors are trying to profit from it, thereby amplifying this rise, which has prompted the safe-haven model to deviate from normal.

The Zhitong Finance App learned that the Bank for International Settlements (BIS) said in its quarterly market development report on Monday that retail investors have driven the recent rise in gold prices, breaking away from the traditional safe-haven asset model and becoming a more speculative asset. Although the rally may have begun when institutional traders are suspicious about overvaluing stocks, the Bank for International Settlements notes that there is evidence that retail investors are trying to profit from it, thereby amplifying this rise, which has prompted the safe-haven model to deviate from normal.