The price of gold has risen again. Yesterday (March 14), the domestic gold price reached 427 yuan/gram, while the international gold price broke through the 1900 mark to 1907.3 dollars/ounce. Analysts attributed the rise of gold price to the rise of risk aversion. The international gold price rose by more than 2% on Monday (March 13), hitting a six-week high. On March 13, local time, the gold futures market of the New York Mercantile Exchange, the most active gold futures market in April, rose by $49.3 to close at $1916.5 per ounce, or 2.64%, compared with the previous trading day. Since February 3, the gold futures market has again exceeded $1900 per ounce. In terms of A-shares, the gold concept equity week has changed for two consecutive days, and several gold ETFs have risen for two consecutive days. On March 14, China Resources, Shengda Resources, Mankalon and other gold concept stocks all rose sharply, and Sichuan Gold, the second new stock, was the eighth consecutive board. Industry insiders generally believe that the bank event in Silicon Valley triggered the rise of short-term risk aversion sentiment in the market, leading to the continuous rise of the international gold price. Looking into the future, the international gold price may continue to rise slowly. The international gold price has stood above 1900. In fact, since the beginning of November last year, the international gold price has started to rebound. At that time, the lowest gold price fell to the 1600 level, but after creating this round of adjustment, the gold price began to rise strongly for three consecutive months. On January 13, 2023, the international gold price broke through 1900 dollars per ounce, which was the first time to return to above 1900 after falling below the 1900 level on April 25 last year. After the inertia surge in January, the international gold price rose to 1959.7 US dollars/ounce in early February. However, the adjustment also came immediately. The gold price fell back to 1804.5 US dollars/ounce at the end of February, and fell more than 150 US dollars within the month. In March, after a brief shock, the international gold price rose again. On March 14, although the international gold price fell slightly, it was still trading above the important level of 1900 US dollars/ounce. The bankruptcy of banks in Silicon Valley of the United States continued to ferment, and the European stock market plunged overnight. The Italian and Austrian markets fell more than 4%, the German and Spanish markets fell more than 3%, and the French and British markets fell more than 2%. As a result, the risk aversion sentiment in the market has warmed up, the international gold price has soared, and gold investors have received rich harvest. Industry insiders see what will happen after the high gold price continues to rise? "I think the gold price is still likely to rise slowly." A senior manager of the International Department of ICBC Zhejiang Branch said in an interview with the reporter that there are two main reasons to support the gold price rise: first, the bankruptcy of the Bank of Silicon Valley in the United States, leading to the possibility that the Federal Reserve will end its interest rate cycle ahead of time, and the US dollar index is likely to be a state of continuous decline in the second half of the year, which will drive the gold price to continue to rebound. The second is the recent bankruptcy news of several American banks. Under the background of bank credit problems and the inability to cash, the hedging property of gold has also been highlighted. So from these two aspects, the whole gold market should still be optimistic. Many domestic institutions are also optimistic about the gold sector