#GoldBreaks2000#

Spot gold prices set a new high again, and short-term callbacks under the bullish background are good opportunities for longs to enter the market. 

Spot gold rose to a new high after a short-term callback on Wednesday. Industry analysts, therefore, recommend investors to take advantage of the short-term callback of gold prices to further build long positions, because the upward trend of gold is still strong and credible. 

Analysts pointed out that the main driving force for the upward trend of gold prices overnight lies in the following points: 

(1) U.S. Treasury yields continue to slump and the dollar’s weakness is difficult to correct; 

(2) International The geopolitical and security situation has induced a new round of demand for safe-haven gold purchases; 

(3) The global epidemic is still continuing, but the U.S. government and opposition have reached a deadlock on the rescue agreement. Negative market sentiment. 

While the above fundamental factors remain unchanged, Any technical adjustments in the price of gold caused by profit-selling by bulls are confined to short-term cycles, and in fact, provide valuable opportunities for bulls to enter the market. Although investors will temporarily be cautious about the US non-agricultural employment data from now on, after the data has been completely digested, the gold price is still expected to increase its focus to $2050 in the next few weeks.