Even if there are short-term sell-offs, the core logic of gold remains unchanged.

Central banks continue to buy gold, geopolitical risks haven't dissipated, and uncertainties in the dollar system are still present.
These factors indicate that gold is not just a sentiment-driven rally but a gradual re-pricing by large institutional investors.
If even institutions like Goldman Sachs are maintaining bullish expectations,
it suggests that this round of gold price increase is not easily considered over by the market.
At most, there may be some pullbacks along the way, but the story isn't finished.
Many people complain that gold is rising too slowly,
but when chaos erupts and risks escalate,
it's often gold that is the first to be remembered again.