Analyst: Gold appears to be experiencing its most robust bull market in recent years and is expected to continue to be supported by safe-haven demand.

On October 16 (UTC+8), Pepperstone analyst Ahmad Assiri said that gold appears to be experiencing its most robust bull market in recent years. Over the past month, gold has risen by about 15%, with pullbacks of less than 2%, indicating very strong demand from both institutional and retail investors. He noted that as market concerns about high valuations in the US stock market increase, and as discussions about a potential tech bubble intensify, gold is also becoming a core component of diversified investment portfolios. Assiri said, "While these concerns may be exaggerated, the mere perception of them is enough to support gold as a haven for investor anxiety." [TechFlow]