According to a report by Deep Tide TechFlow, analyst Giuseppe Dellamotta pointed out that gold has recovered the losses from last week within a few days, possibly due to the sharp fluctuations in Asian currencies. With authorities intervening in the foreign exchange market, safe-haven demand may slow down.
The Federal Reserve's FOMC decision early Thursday morning may pose risks to gold bulls. The market has aggressively bet on a dovish shift, and the Fed may release hawkish signals to correct expectations. In the medium to long term, the upward trend in gold remains unchanged, and real yields are expected to continue declining.
Short-term risks include developments in trade frictions or a hawkish stance from the Federal Reserve, which could lead to a correction in gold prices due to market repricing.