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đ˘Spot gold breaks $5000/ounce, the core is 4 points, the simplified version is as follows:
1. Central banks are buying crazily đŚ: Central banks in China and many other countries continue to increase their holdings, with official buying supporting the market, and demand is very strong.
2. Strong interest rate cut expectations đ¸: The market is betting on the Fed cutting interest rates, the dollar weakens, real interest rates decline, and the cost of holding gold decreases, leading to a surge in funds.
3. Strong risk aversion sentiment đĄď¸: Geopolitical tensions are high, global uncertainty is high, and gold's attribute as a "safe haven in chaotic times" is fully activated.
4. Explosive investment demand đ: Both institutions and retail investors are scrambling, gold ETF holdings hit a new high, and buying pressure directly pushes prices to explode.