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Gold Prices Plunge from Highs; Private Equity Firms Remain Bullish on Gold’s Medium- to Long-Term Outlook
Release time:
2025-03-04
[Gold Prices Plunge from Highs; Private Equity Managers Remain Bullish on Gold’s Medium- to Long-Term Outlook] According to Cailian Press on March 3, gold recently plunged after failing to break through the key $3,000 per ounce mark, with the latest domestic gold jewelry prices down RMB 20 per gram from their recent peaks. Many investors are debating whether this move represents a “reversal at the top” or a “peak at high levels,” and whether the gold bull market is still intact. Several private equity fund managers note that, in the short term, London gold prices may face some downward pressure, and volatility in market sentiment could keep prices fluctuating for the time being. Nevertheless, the probability remains high that London gold will surpass $3,000 per ounce in the first half of the year. (China Securities Journal)
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