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WisdomTree Head of Commodity and Macroeconomic Research Nitesh Shah stated that the recent more than $1,000 decline in gold prices from the January high is largely disconnected from macroeconomic fundamentals and reflects more of a position adjustment and forced liquidations. He pointed out that traditional drivers such as bond yields, the US dollar, and speculative positions can only explain around $200 of the drop, which is far less than the overall correction range.Shah believes that the current level represents a rare buying opportunity and that the "bubble" in gold prices has been squeezed out. For long-term investors who have been on the sidelines, this correction is precisely the long-awaited entry point. He expects gold prices to reach about $5,020 by the end of the year, and notes that with geopolitical risks persisting, there is even a possibility that gold prices could rise to $6,000.Shah is skeptical about central banks aggressively raising rates in the current environment, believing that policymakers are more likely to remain on the sidelines and allow inflationary pressures to play out naturally without drastic intervention. He suggests that this scenario will ultimately support gold. He emphasizes that ongoing geopolitical tensions will be a key pillar of support for gold prices.Shah recommends allocating 15% to 20% of a traditional stock-bond portfolio to commodities, with about 20% of that in precious metals. He believes that the late economic cycle dynamics overall favor the commodities sector. Investors should focus on highly liquid markets, favor commodities with strong price momentum, and those with tightening supply.

Golden Ten Data reported on March 27 that, according to information from the CFMS|MemoryS 2026 Flash Memory Industry Summit on March 27, storage product prices have experienced rapid growth for three consecutive quarters. It is expected that starting from the third quarter of 2026, the rate of increase will slow down and gradually stabilize, with some specific product prices on online channels showing differentiation. For customers, locking in storage capacity is more important than locking in prices. Compared to the booming AI market, the consumer market represented by smartphones is undergoing a period of adjustment, with costs rising rapidly. Sales volume is expected to decrease by about 10%, with the maximum price reduction for some smartphones reaching up to 30%.

Nina-Alessa Michel, Regulatory and Economic Policy Advisor at the Swiss Bankers Association, pointed out in an analytical report that in a more fragmented and politically sensitive global financial system, the importance of gold as a store of value will continue to rise, though this may not necessarily be reflected in significant price increases.The report notes that gold is not always the safest safe haven and is sensitive to changes in geopolitics and monetary policy. Recently, gold prices have experienced significant volatility; for example, during the period when Trump was nominating a Federal Reserve chair, the price of gold fell by 14% within three days. As geopolitical and economic tensions intensify, investors' demand for safe-haven assets is increasing.As a key hub in the gold market, Switzerland is particularly sensitive to changes in demand. In the first half of 2025, Switzerland exported over 476 tonnes of gold to the United States. In addition to private investors and central banks, stablecoins such as Tether also purchased about 70 tonnes of gold in 2025. Changes in trade policy have also triggered gold price fluctuations; for instance, both rumors and clarifications regarding U.S. tariff increases have impacted the market.Looking ahead, Michel believes that geopolitical uncertainty, the trend towards central banks diversifying reserves, and the influence of monetary policy on risk perception will continue to support gold’s strategic position. In the short term, political signals and regulatory decisions may trigger stronger market reactions than fundamentals. Gold should be considered part of a diversified investment strategy, with its stability deriving more from proactive risk management than from the asset class itself.