Will Gold Prices Repeat the Longest Bear Market of the 1980s and Late 20th Century? After falling below the $4,000 mark on October 27th, international gold prices again fell below the $3,900 mark on the 28th. This round of price declines has sparked investor concerns about whether gold prices will repeat the "longest bear market" of the 1980s and late 20th century. Wang Youxin, head of the Bank of China Research Institute, believes that although gold prices may continue to face downward pressure in the short term, with multiple factors weakening gold's safe-haven appeal, the current situation is different from that time. "The global economic environment and monetary policies at that time were very different from now. Currently, the US dollar is likely to weaken in the long term, global liquidity will further ease, and factors such as continued gold purchases by global central banks, geopolitical risks, and inflation expectations remain. Therefore, gold is unlikely to repeat the long-term decline of that time. After the concentrated release of short-term pressure, it is expected to consolidate and stabilize," he said.
