Gold prices are under short-term pressure, but institutions are optimistic about long-term investment value.

The latest data from the World Gold Council shows that global central banks purchased a net 19 tons of gold in February, a significant increase from January. Emerging market central banks continued to increase their holdings, while the central banks of Russia and Turkey were the main sellers. Institutional experts believe that the selling by a few central banks is more of a tactical move and does not change the overall trend of global central banks buying gold. In the long-term trend of weakening US dollar credit, gold remains a stable tool for diversifying reserves and hedging assets. Short-term corrections do not change the long-term upward trend, and there is medium-term value in buying after a sharp decline.