Deep潮 TechFlow News, November 7th, UK broker AJ Bell Investment Director Russ Mould stated that gold is currently in its third major bull market since 1971. The first two rounds experienced corrections but ultimately reached new highs. He pointed out that rising government debt, geopolitical conflicts, the US dollar, and inflation pressures will continue to push up gold prices. Historical data shows that during the previous two bull markets, gold prices experienced multiple 10%–20% corrections. Currently, the proportion of household income spent on gold is about 6.5%, still below the 9% peak in 1980, indicating room for further growth.
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