Market participants: The rise in gold prices is unprecedented, and Goldman Sachs predicts that gold prices may reach $3,700 by the end of the year

ChainCatcher news, according to CCTV News, recently, international gold prices have reached new highs, breaking through the key levels of $3200, $3300, $3400, and $3500 per ounce in the past seven trading days. So far this year, gold prices have risen by about 30%, building on last year's increase of approximately 30%.

Market participants focused on precious metal investments expressed in interviews with reporters that the speed of this surge in gold prices is unprecedented, and pointed out that this may indicate that the market is undergoing some kind of "fundamental transformation." Recently, Goldman Sachs has once again raised its gold price forecast. It is currently expected that by the end of this year, gold prices will reach $3700 per ounce.