CITIC Securities: Gold initiates a new round of rise.

CITIC Construction Investment Research report pointed out that the VIX of gold, silver, copper and crude oil is rising, and still bullish on gold in the medium to long term. After three months of volatility, gold has embarked on a new round of upward trend. With the decline of real interest rates, the decline of the US dollar index, and the increase in demand for gold, the long-term view is still bullish on gold.