World Gold Council: The price trend of gold in the second half of this year may stabilize.

The World Gold Council, headquartered in London, released the "Mid-Year Outlook for the Global Gold Market" on the 1st, pointing out that despite experiencing a price correction in the first half of this year, gold remains one of the best-performing assets in the past 12 months. In the second half of this year, the trend of gold prices will stabilize, continuing to serve as a barometer for the global macro economy. According to the report, in January of this year, the price of gold hit historical highs 12 times, with the price in the London Bullion Market Association reaching a peak of $5,405 per ounce at one point; in June, the price of gold sharply fell to a low of $4,002 per ounce. As of now, the price of gold has fallen by 7% since the beginning of the year. The report believes that the driving factors for the price of gold in the first half of the year include rising geopolitical risks, with the impact of conflicts in the Middle East being particularly significant. In addition, investor adjustments in positions and profit-taking behaviors also have a significant impact on the price of gold.