Barclays: Gold's rally gives back constitutes a relatively reasonable entry opportunity.

Barclays research team recently released a quarterly report on the global economic outlook, stating that since the outbreak of the US-Iran conflict, the gains in gold since 2026 have all been relinquished, which represents a relatively reasonable entry point. Barclays stated that the trend of significant central bank purchases of gold since 2022 is unlikely to fade, the Federal Reserve has also failed to achieve its 2% inflation target for four consecutive years, and the possibility of a rate hike in 2026 is unlikely. Geopolitical risks, continued central bank purchase activity, inflationary pressures from oil price shocks, and the impact of conflicts on finances will all provide support for gold.