Analysts: Gold seems to be experiencing the most stable bull market in recent years and is expected to continue to be supported by safe-haven demand

Ahmad Assiri, an analyst at Pepperstone, said gold appears to be experiencing its most robust bull run in recent years. Over the past month, gold has risen approximately 15%, with a pullback of less than 2%, demonstrating strong demand from both institutional and retail investors. He noted that with growing concerns about high valuations in the US stock market and increasing discussion of a potential tech bubble, gold is becoming a core component of diversified portfolios. "While these concerns may be exaggerated, this perception alone continues to support gold as a safe haven for anxious investors," Assiri said.