The institution has lowered the short-term price prediction for gold, but the long-term upward trend remains unchanged.

Currently, the international gold price continues to adjust, with spot gold prices in London briefly falling below the $4000 per ounce level. After multiple central banks turned hawkish last week, the short-term pressure on gold prices has been evident, with several investment banks lowering their short-term target prices for gold. However, most institutions believe that structural support factors such as central banks continuing to increase reserves have not changed, and this round of gold correction is not the end of the bull market, with the long-term value of gold allocation still apparent.