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Wells Fargo supports the gold bull run: multiple favourable information "sustains" it, and the precious metals market is worth looking forward to.



Recently, Wells Fargo has clearly released a "bullish on gold" signal, believing that the current multiple Favourable Information resonance is injecting strong "endurance" into the gold bull run.

From the perspective of the market environment, the pace of global economic recovery is diverging, with growth expectations slowing down in certain regions. Coupled with the uncertainty of geopolitical situations, risk aversion has become an important support for gold demand. At the same time, expectations for major economies to shift towards accommodative monetary policies are heating up, and the weakening of the US dollar index has further enhanced the attractiveness of gold allocation. In addition, the ongoing trend of global central banks increasing their gold reserves has also strengthened the value anchoring of precious metals from a long-term perspective.

Driven by multiple factors, gold has not only continued its previous upward trend, but the subsequent price elasticity and market sustainability are also viewed positively by institutions. For ordinary investors, whether it is the hedging demand in asset allocation or seizing trend opportunities, gold-related assets are worth focusing on.
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