International gold is down about 30% from January's record high. Li Xunlei, vice chairman of the China Chief Economist Forum, said gold's long-term pattern is Characterized by extended bear periods and shorter bull runs. Since 1971 roughly 30 years w

2026-06-26

International gold is down about 30% from January's record high. Li Xunlei, vice chairman of the China Chief Economist Forum, said gold's long-term pattern is Characterized by extended bear periods and shorter bull runs. Since 1971 roughly 30 years were bears and 25 years bulls; each historic bull delivered more than 5x gains and typically lasted about 10 years. The current bull has risen roughly 3x and is approaching a 10-year duration, so market participants should remain cautious.