Analyst: The negative impact of the tariff ruling is short-lived, and the logic of the gold bull market remains unchanged.
John Weyey, head of the commercial hedging department at Walsh Trading, said that the price trend of gold after the Supreme Court's tariff ruling shows that, although gold seems to have lost a bullish factor, it still has ample upward momentum. Gold plummeted immediately after the news was announced, but mainstream market sentiment quickly regained the upper hand. Gold continues to rise on its own momentum, and many market participants will continue to adhere to this strategy until the market provides reasons to be bearish. In the past six months, the reasons for market participants to buy gold have been simple because it is rising. This is an unprecedented uptrend, and I believe the market will continue to buy. Even though the tariff ruling has eliminated some uncertainty, gold will continue to rise as other risks still exist.
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