Hong Kong Financial Secretary: Safe-haven assets such as gold experience a “brave advance, rapid retreat” correction

According to Odaily, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post titled "Maintaining a Positive and Prudent Approach," in which he pointed out: The turbulence in global markets has triggered dramatic movements of international capital. Even assets considered safe havens have seen price corrections after repeatedly hitting record highs. For example, the price of gold, after rising for the past four years, surged nearly 30% again in January this year, challenging the historical high of $5,600. However, in the past few days, it has experienced a significant pullback, dropping more than 12% from its peak at one point. The global political and economic landscape is changing rapidly, and risks and volatility in the coming year will not be few.