When gold surges to 5190, who is behind the ignition?

Spot gold breaking through $5190 is not a coincidence but the result of multiple factors stacking up. Gold is essentially a mirror reflecting the global economic anxiety.
Central bank gold purchases, inflation expectations, dollar trends, geopolitical risks—these are all fuels for gold's rise. When these variables tilt in the same direction, prices naturally climb higher.
But don't be fooled by the numbers. The essence of gold's rise is that capital is searching for certainty. When investors' predictability of future cash flows decreases, gold becomes a substitute for "unconditional trust."
5190 is more like a milestone. After breaking through, technical trends strengthen, more quantitative funds may enter, creating positive feedback. But similarly, after overheating, there will also be cooling.
The logic of investing in gold is not about guessing the top but understanding the macro rhythm. It is not a tool for quick profits but a risk management tool.
When market uncertainty becomes the norm, gold's price will be re-evaluated.