TechFlow news, November 7 — Russ Mould, Investment Director at UK brokerage AJ Bell, said gold is currently in its third major bull market since 1971, with the previous two cycles experiencing pullbacks but ultimately reaching new highs. He noted that rising government debt, geopolitical conflicts, and pressures from the U.S. dollar and inflation will continue to drive gold prices upward. Historical data shows that during the prior two bull markets, gold prices underwent several corrections of 10%–20%. Currently, the proportion of household income spent on gold purchases stands at around 6.5%, still below the peak of 9% seen in 1980, indicating room for further price increases.
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