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Analyst: A pullback in gold prices after a significant rise is natural and necessary.
Jin10 data reported on May 7, XS.com analyst Linh Tran stated in a report that resuming trade negotiations does not guarantee substantial results, and investors remain cautious. Against the backdrop of ongoing geopolitical instability, an uncertain trade environment, and expectations of interest rate cuts in the U.S. later this year, gold's safe-haven status remains well supported. Therefore, it is natural and necessary for gold prices to pull back after a significant rise, which will allow gold prices to consolidate in the short term before resuming a clearer trend.