CICC: Gold exceeding $5,500 is an important watershed

Wallstreetcn
2026.02.02 01:29
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CICC pointed out that a gold price exceeding $5,500 is an important watershed, which could be the ceiling or a new starting point for the gold market. Recently, gold prices rose by 25%, marking the first increase since the 1980s, but then experienced a decline of over 10%, indicating significant market volatility. Analysts believe that gold prices have surpassed fundamental factors, traditional calculation models have failed, and the impacts of geopolitical and monetary system restructuring are difficult to predict. In the short term, sentiment and capital-driven factors are the main influences