Zhongjin Wealth Futures: What is truly suppressing gold is liquidity, not oil prices.

The rise in oil prices exerts some pressure on gold, but currently the sensitivity of gold prices to the rise in oil prices is gradually diminishing, mainly because more and more investors are discovering Powell's intention to cut interest rates by any means. What really suppresses gold is liquidity rather than oil prices. We still believe that against this backdrop, gold has a certain rebound momentum.