Lates News

The US-Iran conflict caused the price of gold to temporarily retreat, but looking at the long-term cycle, the light of gold still shines. At the "2026 Market Outlook Forum" hosted by the London Stock Exchange Group (LSEG) recently, economist Hong Hao said that the recent decline in gold prices is not due to deteriorating fundamentals, but because it has "completed a phase of its historical mission." Hong Hao analyzed that the lower the credit rating of US Treasury bonds and the higher the yield, the higher the price of gold will be one year later. Holding a 10-year US Treasury bond for a year may result in a loss of almost 10 points, which is a very unfavorable trade; on the other hand, whether it is fundamental logic, narrative logic, or data models all point to higher gold prices in the future without a doubt. Despite experiencing a significant pullback in the short term, he still remains optimistic about gold in the long term. (21st Century Business Herald)