Market analyst: People don't want to sell gold before it reaches $5,000

PANews reported on January 21 that Nicholas Frappell, Global Head of Institutional Markets at ABC Refinery, stated, "I believe that breaking through the gold price of $4,800 further confirms the view that people do not want to sell gold before it reaches $5,000. This is the result of multiple traditional factors supporting gold, including rising debt, a weakening US dollar, and geopolitical uncertainty."