Gold prices have fallen, and many institutions have prompted risks! Get in the bus or leave?

After continuous rises, gold prices ushered in a pullback. Wind data shows that on the morning of April 23, London spot gold fell below $3,400 per ounce, and fell to $3,312 per ounce at one point. The price of the main gold futures contract (AU2506) on the Shanghai Futures Exchange fell by more than 2% during the session, and once fell below 800 yuan/gram.

Although there is a pullback, the international gold price has been strong since the beginning of this year. London spot gold and COMEX gold futures prices once stood above $3,500 per ounce, setting a record high again, with an increase of nearly 30% this year. The latest statistics released by the World Gold Council show that as of the first quarter of 2025, the total inflow of physical gold ETFs reached US$21 billion, with inflows reaching 226 tons, setting the second highest quarterly record in history.

Looking back at the driving factors of the recent rise in gold prices, Qu Rui, deputy director of the Research and Development Department of Oriental Jincheng,...
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