International precious metal prices continue to rebound, with gold prices returning to $5,000.

Influenced by factors such as a retreat in risk appetite and a weakening U.S. dollar index, international gold and silver prices continued to rebound, with gold prices recording their largest single-day gain since 2009 on the 3rd. In subsequent overnight trading, gold and silver futures prices continued to rebound, with gold prices returning above $5,000 per ounce.

On the 3rd, the April gold futures price on the New York Mercantile Exchange saw an intraday increase of over 7%; the March silver futures price reclaimed $80 per ounce, with an intraday surge of over 15%.

Analysts believe that the rebound in gold and silver prices indicates that the previous significant correction does not signify a shift in market fundamentals.

Ipek Ozkardeskaya, a market analyst at Swissquote Bank, stated that the factors supporting gold prices since last year remain robust. Global trade and geopolitical uncertainties persist, the debt situations in the U.S., Japan, and Europe are becoming increasingly unsustainable, and market demand for the U.S. dollar, other major currencies, and sovereign bonds remains fragile. These fundamental factors will continue to support the rise in precious metal prices.

Ozkardeskaya also warned that while gold has traditionally been used as a hedge against market risks, its current performance exhibits characteristics of a risk asset, and market risks are increasing.

Michael Hsueh, head of metals research at Deutsche Bank, stated that precious metal investors need to remain cautious about market volatility, but the fundamentals of gold investment remain unchanged. Gold prices are still expected to reach $6,000 per ounce by the end of the year.