TechFlow news: On January 28, according to JIN10 Data, Trump previously stated that he would soon announce his nominee for Federal Reserve Chair and predicted that interest rates would decline after the new chair’s appointment. Nitesh Shah, WisdomTree’s Commodities Strategist, noted that in reality, any nominee is unlikely to resist Trump’s demands as firmly as Powell has—favoring gold. Regarding gold jewelry consumption, I believe high prices will dampen demand; however, the current elevated price level may, to some extent, fuel speculative investment at the retail level.
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