Analyst: Structural bullish factors for gold still exist, and after a sharp drop in gold prices, bottom-fishing funds are coming in

By: rootdata|2026/03/28 20:42:00

According to Bloomberg, after gold prices experienced the largest sell-off in years, bargain buyers have started to enter the gold market. As of Thursday's close, gold prices had fallen 19% from the closing peak in January, approaching the 20% threshold that traditionally marks the beginning of a bear market. However, by Friday, buyers re-entered the market, pushing gold prices up by about 3%.

George Efstathopoulos, a fund manager at Fidelity International, stated that this pullback presents a buying opportunity once tensions in the Middle East subside. Inflation risks, fiscal pressures, and bond credit issues remain structural positives for gold. Analysts also pointed out that the Iran conflict could trigger central banks to sell gold, or at least slow down their purchasing pace. Daniel Ghali, a commodity strategist at TD Securities, believes that given that central banks have been cornerstone buyers in this bull market, large-scale direct selling would have a more immediate impact on prices and a more destructive effect on market sentiment. However, for now, the broader trend may be a gradual slowing of central bank gold purchases rather than a complete shift to selling.

-- Price

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Founded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.

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