Expert: In addition to risk aversion, the huge upward inertia is also the reason for the surge in gold prices

On April 13, Harvey, a professor of commodity studies at Duke University in the United States, said that in addition to risk aversion, "upward inertia" is also the reason for the "skyrocketing" of gold. He said: "The current influx of money into the gold market is actually increasing risk exposure. In addition to retail investors, hedge funds and other institutional investors have also joined the gold boom to try to profit from it. This frenzied" trend momentum "is driving up the price of gold, which explains why the price of gold has risen sharply despite the low active level of ETFs, a key tool for everyday investors. It also shows that retail investors are not the main reason for driving up the price of gold." Finally, he said that although there seems to be nothing to stop gold from continuing to break, the investment risk at historical highs is bound to be very large, and investors should proceed with caution. Regarding oil prices, Harvey expressed doubts about the role of geopolitics in the surge in oil prices, as the start of oil prices did not coincide with the outbreak of the Palestinian-Israeli conflict in October.