Market Analysis: The main reason for the rise in gold prices is the bullish atmosphere driven by the market's bullish sentiment.

Jin10 data reported on October 4th, Zhao Qingming, Deputy Director of the Foreign Exchange Management Information Research Institute, pointed out that the main reason for the rise in gold prices is the bullish sentiment driven by the formation of a bullish atmosphere in the market. Based on past situations, the recent rise in gold prices over the past two years has been difficult to explain using previous pricing models. The market is showing a consistent bullish trend and going long on gold, and this sentiment is driving gold prices upward, continuously setting new highs.