According to the CICC Research Report, gold has now risen to around 4,500 US dollars/ounce and has reached our long-term price forecast ahead of schedule. Based on current fundamental index values, in fact, the price of gold is already significantly higher than the short-term valuation center calculated by the model, and there may be a certain bubble. Since the Federal Reserve's policy and the US economy have yet to reach an inflection point, the gold bull market may not be over. However, after the price of gold has separated from the fundamental indicators and fits the model, market fluctuations may increase significantly, and it is more difficult to predict specific points. We recommend downplaying gold price point predictions and paying more attention to when asset trends change.

According to the CICC Research Report, gold has now risen to around 4,500 US dollars/ounce and has reached our long-term price forecast ahead of schedule. Based on current fundamental index values, in fact, the price of gold is already significantly higher than the short-term valuation center calculated by the model, and there may be a certain bubble. Since the Federal Reserve's policy and the US economy have yet to reach an inflection point, the gold bull market may not be over. However, after the price of gold has separated from the fundamental indicators and fits the model, market fluctuations may increase significantly, and it is more difficult to predict specific points. We recommend downplaying gold price point predictions and paying more attention to when asset trends change.