The spread between spot and futures prices has widened; institutions say the medium-term trend of gold prices remains upward.

Jin10 data reported on August 12th that recently, international gold prices have once again become the focus of global investors. Influenced by macroeconomic conditions, policy expectations, and other factors, COMEX gold futures prices have repeatedly reached new highs, while London Spot gold prices are fluctuating at high levels, with a significant widening of the futures-spot price gap. Industry insiders indicate that the mid-term trend of gold prices will still depend on the macroeconomic and policy environment, and may maintain an upward trend after a short-term adjustment. (China Securities Journal)