Analyst: Gold seems to be experiencing the most robust bull run in recent years and is expected to continue to be supported by safe-haven demand.

On October 16, Jin10 reported that Ahmad Assiri, an analyst at Pepperstone, stated that gold seems to be experiencing the most robust bull run in recent years. In the past month, gold has risen about 15%, with a pullback of less than 2%, indicating strong demand from both institutional and retail investors. He pointed out that as concerns about the overvaluation of the U.S. stock market increase, along with discussions about a potential tech bubble, gold is becoming a core component of diversified investment portfolios. Assiri said, “Although these concerns may be exaggerated, gold still serves as a safe haven for investor anxiety based solely on this perception.”