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CICC: gold's risk of short-term volatility increasesSlotgardcasinoHowever, the medium-and long-term rising market may not end the hearing of the Securities Times e Company. CICC Research News said that at present, US debt interest rates have not yet fallen significantly, but gold once hit 2400 US dollars per ounce, and the model residual reached an all-time high. or indicate a short-term gold valuation.Slotgardcasino...

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CICC: the risk of short-term volatility of gold rises, but the medium-and long-term rising market may not end the hearing of Securities Times e Company. CICC Research News said that at present, US debt interest rates have not yet fallen significantly, but gold once hit 2400 US dollars / ounce. the model residual reached the highest level in history, or indicates that the short-term gold valuation has been on the high side. CICC believes that there is a risk of high volatility in gold if geopolitical risks cool or speculative funds take profits. But in the medium to long term, CICC believes that gold's rally may not be over yet. The CPI forecast model of CICC's large categories of assets shows that the recent US CPI is greatly affected by individual abnormal fluctuations, and inflation is still in the downward channel. If US inflation improves as scheduled and the Federal Reserve starts to cut interest rates, it will drive interest rates down. Gold has not really decoupled from US bond interest rates and is still suppressed by high interest rates, which may provide new support for gold's performance. From the perspective of structural factors, the long-term accumulation of US debt problems is not easy to solve, geopolitical events occur frequently, and the pattern of anti-globalization and de-dollarization may be further deepened, or encourage global central banks to continue to increase their holdings of gold to provide support for gold prices. To sum up, CICC suggests the short-term volatility risk of gold, but it is still optimistic about the medium-and long-term allocation value of gold.