[Analyst: Gold Bull Market Driven by 'Non-Speculative' Funds, Gold Prices May Rise Significantly Further] Odaily Planet Daily News – Analyst Jeremy Boulton stated that the astonishing rally in gold continues, hitting a historic high of $4,967 per ounce on Friday. In January 2025, gold long positions once exceeded 300,000 contracts, but currently stand at only about 200,000 contracts. Since January 2025, gold prices have risen by more than $2,000 per ounce, yet have not attracted a large number of buyers. Due to the lack of constraints from massive long positions, gold prices may rise significantly further. Current buyers are clearly not speculators, and their positions may be more stable than speculative ones. The weakening of the U.S. dollar during gold's rise suggests that the demand may stem from countries adjusting the composition of their foreign exchange reserves. (Jin10)