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Bob Parker, a senior advisor at the International Capital Markets Association (ICMA), warns that the possibility of further gold price increases is very low. According to Parker, there are three factors that could end the record breaking rise in gold prices. Firstly, the trend of gold is often opposite to interest rates; Secondly, considering that gold does not bear interest, the yield of treasury bond will rise, and gold will be relatively weak; Thirdly, the strengthening of the US dollar is a traditional headwind for gold.
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