In conversation with Xu Zhiyan from Huazheng Fund: Gold is still in a new cycle, and its medium to long-term investment value is underestimated by many
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In the next 1 to 2 years, the real interest rates in the money market (government bond yields - inflation rate) will gradually decline, possibly accelerating in the second half of next year, or turning negative in the following years. During such periods, gold tends to perform relatively well
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