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Express News | Gold has conquered four barriers within two days, setting a new historical high.
The recent surge in Gold prices has been different this time. Experts suggest that the rising Gold prices reflect a weakening of USD credibility.
Gelonghui, March 19 | On the 18th local time, due to the tightening situation in the Middle East and the uncertainty brought about by US President Trump's tariff policy to the Global economy, investors continue to Buy Gold for safety, leading to a new all-time high in international gold prices. Professor Wan Zhe from Peking Normal University stated that the rising gold prices reflect the weakening of USD credibility. The USD Index showed a strong trend over the past two to three years, but has seen a slight decline since mid-January of this year. US Treasury Secretary Basent has repeatedly emphasized that Trump "fully supports a strong USD policy" and hopes that the USD will remain strong.
Gold prices have just reached a new historical high! The Federal Reserve's decision is approaching, and FXStreet's chief Analyst provides a technical analysis of Gold.
During trading in Asia on Wednesday, spot Gold maintained its upward trend, with prices recently touching $3039.04 per ounce, setting a new historical high. FXStreet Chief Analyst Valeria Bednarik pointed out that the escalating geopolitical tensions have boosted demand for Gold. With the prices reaching a historical high, the aim is to continue the upward momentum. Attention is now turning to the Federal Reserve's monetary policy statement.
A summary of what Trump and Putin talked about during their phone conversation? The Kremlin and the White House released a transcript of the discussion.
On the 18th local time, Russian President Putin had a phone call with US President Trump.
Gold Surpasses $3,000/oz, But Still Far From 1980's Inflation-Adjusted Peak
Many investment banks have intensively raised their expectations for Gold prices! Will the future of Gold have limitless potential?
The World Gold Council expects that gold may face some adjustments in the short term, but there will still be significant momentum in the long term!