Gold prices have risen steadily in recent sessions, and analysts quoted by China Central Television Finance said the market may face sharper volatility in the second half of the year even as the longer-term outlook remains constructive. As of Aug. 14, the international spot gold price had gained 8.36%, while domestic gold prices in China were up by more than 80 yuan per gram, helping drive active trading across gold markets in different regions.
Li Yang, a senior gold investment analyst at Caibai Co., said the outlook remains favorable for investors with a medium- to long-term holding view. At the same time, Li said short-term moves could become more volatile, especially in the second half of the year.
Song Jiangzhen, a nationally certified senior gold investment analyst, said the current rebound includes an element of “repair,” but is also supported by solid fundamentals. With gold already trading above 900 yuan per gram, Song said the market is facing a debate between bullish and bearish forces as well as technical turbulence, and advised ordinary investors not to take on overly heavy positions at these levels.
Gold prices have climbed for several consecutive sessions, with analysts cited by China Central Television Finance saying volatility may increase in the second half of the year even though the medium- to long-term view remains positive.
As of Aug. 14, international spot gold had risen 8.36%, while domestic gold prices in China were up by more than 80 yuan per gram. Trading in gold markets across different parts of the country has been active.
Li Yang, a senior gold investment analyst at Caibai Co., said the market still looks favorable for investors taking a medium- to long-term holding approach. In the short term, though, and particularly in the second half of the year, Li said price swings could become larger.
Song Jiangzhen, a nationally certified senior gold investment analyst, said the latest rebound has a “repair” element but is also backed by solid fundamentals. Song added that with gold already above 900 yuan per gram, the market is now facing sharp disagreement between bulls and bears along with technical volatility, and said ordinary investors are not advised to take overly heavy positions at this level.
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