In reality, most gold buyers are ordinary people. They're primarily buying gold jewelry for weddings, something many can't avoid. Those who can casually buy a Rolex gold watch don't rely on price fluctuations to improve their lives; for them, price changes are meaningless. This round of gold buying is more like ordinary people gradually squeezing in. It's not that they're bullish on the future, but rather that they lack confidence in other things. When retail investors start using physical assets for security, the market will reach a certain stage.
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