The international gold price soared to a record high of $3396, with experts remaining bullish on gold; however, they advise against chasing the price too high. Investors are encouraged to wait for a pullback to re-enter, expecting support at $3200.

Recent policies by U.S. President Trump regarding tariffs have led investors to lose confidence in dollar assets, pushing the dollar index below 99, while funds continue to flow into the gold market. The international spot gold reached a peak of $3396 and is currently consolidating around $3387.

Forex expert Li Qizhan stated that while gold remains in a bullish trend, the risks increase significantly with excessive chasing. As prices near $3400, a pullback of $100 is considered normal. He cautioned that not everyone chasing higher prices will make a profit and suggested waiting for a pullback to increase positions.

Li indicated that the bearish trend of the dollar continues, with the dollar index having gapped down below 99. Funds that were initially seeking safety in U.S. bonds have shifted towards gold, causing the gold price to constantly reach new highs.

When considering whether to invest in gold, he mentioned that unless one has expertise in short-term trading, it is risky to chase higher prices. It is advisable to increase positions during expected pullbacks, as past pullbacks have often found support around $3200.

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