Expert: Private sector purchases key force supporting gold prices

Gold broke through the $4,600 per ounce barrier for the first time on Monday. During the 30th China Capital Market Forum (2026), Guan Tao, global chief economist of BOCI China, told #ChinaPerspective that private sector gold purchases have been a main driving force of the repeated record highs for the precious metal. He also noted that while short-term volatility is possible, there is still upside potential for gold prices overall.