High-level correction of 10%! Has gold peaked? Latest statements from institutions

Recently, international gold prices once fell to nearly $3,100 per ounce, and as of May 16, it rebounded to the $3,200 per ounce mark, down nearly 9% from the peak of $3,509 per ounce. The main Shanghai gold contract also fell below 750 yuan per gram, down over 10% from the high of 836 yuan per gram. Both domestic and foreign gold ETFs generally experienced net outflows, and trading sentiment has cooled. Several fund companies stated that the surge in gold prices due to tariff escalations has come to an end, but the medium to long-term global game pattern also determines that it is difficult for gold to adjust significantly. The trend of de-dollarization and the demand for safe-haven assets due to geopolitical conflicts still provide long-term support for gold