TechFlow news, May 16 — According to Jinshi Data, UBS stated that recent financial market volatility has strengthened gold's appeal, as global capital seeks to move money out of the United States or hedge exposure to U.S. risks. "Volatility in U.S. risk assets and the dollar will lead more international investors to consider hedging greater dollar exposure and diversifying asset allocation globally," said Mark Haefele, Chief Investment Officer at UBS Wealth Management. "Gold remains an important diversification tool." Although gold has retreated from its record high above $3,500 in April, uncertainty surrounding U.S. tariff policies and the risk of renewed high tariffs have raised questions about the dollar’s status as the dominant global currency. Haefele noted that investors need diversification and hedging strategies "to enhance certainty in asset values, especially when non-dollar denominated debts are coming due." "These trends do not require a major shift in American exceptionalism to emerge."
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