[Agency: There is still room for the price of gold to rise, the central bank's gold purchase boosts demand] The OCBC Research Department said in a report that in the medium term, there may still be room for further increase in gold prices. As of April 3, the price of gold has risen 11.5% so far this year. The bank's analysts said: We remain optimistic about the outlook for gold prices because it is expected that the world will relax interest rate policies, central banks will continue to buy gold, and gold has the characteristics of geopolitical hedging. Stephen, managing director of SPI Asset Management, said that gold investors currently believe that regardless of whether inflation reaches the target, the Federal Reserve will choose to cut interest rates. Furthermore, central banks in emerging markets are increasing their gold reserves, increasing demand for precious metals. “This move will support the price of gold in the short term,” he said.