World Gold Council's Yang Zhenhai: Gold prices are likely to fluctuate widely in the second half of the year

According to the Securities Times, on July 3rd, at the 2025 JD Wealth Gold Investment Strategy Conference held by JD Finance, Yang Zhenhai, head of investment business for the World Gold Council in China, stated that gold prices are likely to fluctuate widely in the second half of 2025, but the downside space is limited. In the medium to long term, core factors such as U.S. dollar credit risk will continue to support the gold bull market. The long-term annualized return on gold is approximately 8%, which is comparable to the global nominal GDP growth rate; against the backdrop of accelerated gold purchases by global central banks, the yield center for gold is expected to rise