Silver is going crazy; can gold keep rising?

On one side, the real economy remains sluggish and consumption is tightening, while on the other side, the precious metals market continues to soar. The world is always wrapped in surprises— the more gold rises, the colder the real economy tends to be. Once upon a time, the soaring housing prices created a grand illusion, with prices soaring to tens of thousands per square meter, leading people to mistakenly believe we had already entered the ranks of developed countries. However, a😷 woke everyone up. Housing prices quietly retreated to levels from ten years ago, and the economy entered a long period of stagnation. It turns out that the so-called “consumption upgrade” was just an illusion; the truth was actually a prelude to consumption downgrade.

The rally in precious metals is accelerating the loosening of dollar hegemony and is also reshaping the power dynamics among major global powers. Competition among great nations is becoming increasingly fierce; this is the norm and the trend. The entire process is destined to be turbulent and full of ups and downs. Many people expect the “East rising and West declining” pattern, which may already be on its way. However, the geopolitical risks and impacts on the real economy that follow will continue to spread and ultimately affect every ordinary person. Over the years after😷, we have deeply experienced the chill of the economy. In the future, such days may continue for several more years.

Gold is stuck in a range oscillation between 4350 and 4270. After yesterday’s non-farm payroll data was released, gold rose again. In the short term, it’s difficult to fall, but the upward potential is also expected to be limited. This kind of high-level shakeout and oscillation, I believe, is not brewing a big rally but rather brewing risks. Although it is strong, every surge is accompanied by a pullback. Currently, market sentiment is very high; extremes often reverse. Whether gold is about to surge or truly rise at this position, even if it breaks previous highs, it will face a correction. Therefore, if you want to participate, it should be a short-term move. Once risks emerge, it’s all about running fast.