Experts predict that the trend of gold prices in the second quarter will mainly be characterized by consolidation, bottoming out, and range repair.

Looking ahead to the second quarter, experts believe that in the short term, the price of gold is under pressure due to the strengthening of the US dollar caused by the surge in oil prices resulting from the escalation of the geopolitical conflict in the Middle East. The trend of gold prices in the second quarter will mainly be characterized by oscillations and range repairs. Additionally, do not overestimate the motivation of global central banks to purchase gold.