Li Xunlei, Vice Chairman of the China Chief Economist Forum: Gold shows a long-term trend of prolonged bear markets and short bull markets

Golden Ten Data reported on June 26 that international gold prices have continued to fall, dropping nearly 30% from the historical high in January. Li Xunlei, Vice Chairman of the China Chief Economist Forum, noted that gold has demonstrated prolonged bearish trends and short bullish periods in the long run. Since 1971, there have been 30 years of bear markets and 25 years of bull markets, but each bull market has seen prices surge more than fivefold. The typical duration of a bull market is about 10 years. The current gold bull market has lasted until now, with prices tripling over almost 10 years. Therefore, caution and prudence are still advised at this stage.