The international gold price has risen by about 14% so far this year. Xu Zhijie, the gold strategist for the SPDR ETF business in the Asia-Pacific region at Daofu Global Investment Management, stated that global central banks have been purchasing gold in large quantities and holding it for the long term, resulting in low sensitivity to price fluctuations. At the same time, there is an increasing demand for gold investments. The net long positions in COMEX gold futures have reached a two-year high, and with the rising popularity of diversified investment approaches, the price of gold has broken through the most optimistic forecast of $2400 per ounce for the year. Therefore, the target price for the year is being adjusted higher in June. Xu Zhijie pointed out that the speed of the rise in gold prices is faster than expected, and technically, it has broken through key levels. Even in a potential pullback, the magnitude is expected to be limited, as many clients are concerned about a potential pullback in US technology stocks and are hedging with physical gold or gold ETFs. Investors are finding it difficult to identify investment tools that are safer than gold. Regarding gold investment strategies, Xu Zhijie emphasized that investing in physical gold closely tracks the gold price, while gold ETFs may have premiums but are more convenient and quick to invest in, with a close correlation to gold price movements. As for gold mining stocks, their performance is influenced by factors such as company earnings and merger news, and their movements are not closely correlated with gold prices; rather, they are more affected by overall stock market trends.