Currently, the gold market is experiencing a tug-of-war between bulls and bears, with the trend showing oscillation and a slight upward bias. On the bullish side, global central banks continue to increase their gold holdings, building a long-term support base; geopolitical conflicts and trade uncertainties boost safe-haven demand, leading to capital inflows into gold as a safe asset. Expectations of Federal Reserve rate cuts still exist, and declining real interest rates reduce the cost of holding gold. Coupled with resilient inflation, the anti-inflation properties of gold continue to strengt
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