Why is gold worth paying attention to?
Gold has been a symbol of wealth since ancient times. It has high density, strong ductility, and is easy to preserve. It can be used as a trading currency, made into jewelry, or used as industrial raw material. Over the past half-century, although gold prices have fluctuated, the overall trend has undoubtedly been a steady rise, especially with multiple new highs in 2025. So, will this 50-year-long gold bull market make a comeback in the next 50 years? How to judge gold prices? Is it more suitable for long-term allocation or short-term trading? This article will answer these questions one by one.
Half-century transformation of gold prices: from $35 to $4,300
Why start counting from 1971?
August 15, 1971, is a watershed in international financial history. U.S. President Nixon announced the suspension of the dollar's convertibility into gold, officially ending the Bretton Woods system. Prior to this, the dollar was a gold exchange certificate, fixed at $35 per ounce of gold. After the detachment, the dollar floated freely, and gold also began