TechFlow News: On January 23, according to JINSHI Data, Chris Weston, Head of Research at Pepperstone, stated in a report that gold is increasingly serving as a hedge against the “unpredictability” of Trump’s policies. Although many traders view gold as a hedge against potential U.S.-EU tariff wars triggered by Trump’s stance on Greenland, Weston noted that gold prices have continued rising even after the tariff threat has subsided. Weston added that central banks globally—especially those in emerging markets—are nearly daily seeking reasons to shift reserves from the U.S. dollar to gold. He believes spot gold and gold futures prices will “sooner or later” reach $5,000 per ounce, with this target now appearing within reach and attracting buyers.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
