Zhongtai Securities: The medium-term upward trend in gold remains unchanged

```htmlGolden Ten Data reported on April 22 that a research report from Zhongtai Securities stated that the medium-term upward trend in gold remains unchanged, copper and aluminum as representatives of industrial metals are overall supported, and the oil price's central level may rise, but there is limited room for further significant increases. Gold can still be held firmly in the medium term, with the core driving force coming from the marginal weakening of the US dollar credit system and expectations of declining real interest rates. The outlook for industrial metals such as copper and aluminum is relatively optimistic, benefiting from overseas economic recovery and growing demand for new energy, and supply-demand fundamentals will once again lead price trends. The potential for further increases in oil prices is limited, with geopolitical premiums quickly receding, together with OPEC+ production increases and downward expectations in demand. The damage of high oil prices to the demand side will gradually become evident.```