China Nonferrous Metals Industry Association: The driving factors for rising gold prices have not weakened, beware of short-term volatility risks in gold prices

Recently, international gold prices have experienced significant fluctuations and a sharp decline after a continuous rise. Today, a relevant official from the China Nonferrous Metals Industry Association analyzed and interpreted the recent gold price situation and future trends. The China Nonferrous Metals Industry Association stated that since 2025, both international and domestic gold prices have continued to rise, repeatedly setting historical highs. The international spot gold price reached nearly $4,400 per ounce in mid-month, while domestic gold prices broke through the 900 yuan per gram mark. Experts believe that this round of gold price increases is the result of multiple macro factors resonating: on one hand, it is influenced by the global gold investment boom in recent years and the large-scale accumulation by central banks in emerging economies; on the other hand, geopolitical factors and current inflation pressures continue to support the rise in international gold prices. Duan Shaofu, deputy secretary-general of the China Nonferrous Metals Industry Association, stated that currently, the driving factors pushing gold prices higher have not weakened, but the risks brought by short-term fluctuations cannot be ignored. Rapid changes in market sentiment, shocks from unexpected events, and the inflow and outflow of speculative funds may lead to significant short-term volatility in gold prices. Experts believe that in the next phase, the upstream and downstream of the domestic gold industry chain should focus on maintaining "stable quantity and improved quality" in the production process. Duan Shaofu: "Upstream mining companies should strengthen resource assurance by increasing investment in domestic gold mineral exploration and development, and expanding overseas high-quality resource cooperation channels to ensure the stability and safety of gold raw material supply."