Deep Tide TechFlow News, January 23 — According to Jinshi Data, Chris Weston, Head of Research at Pepperstone, pointed out in a report that gold is increasingly resembling a tool to hedge against the "unpredictability" of Trump's policies. Although many traders see gold as a hedge against the risk of a US-EU tariff war triggered by Trump over Greenland issues, he noted that even if the tariff threats are lifted, the rally in gold has not retreated. Weston added that central banks worldwide, especially those in emerging markets, are almost daily looking for reasons to shift reserves from the US dollar to gold. He believes that the prices of spot gold and gold futures will "sooner or later" reach $5,000 per ounce, with the target now within sight, attracting buyers.
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Deep Tide TechFlow News, January 23 — According to Jinshi Data, Chris Weston, Head of Research at Pepperstone, pointed out in a report that gold is increasingly resembling a tool to hedge against the "unpredictability" of Trump's policies. Although many traders see gold as a hedge against the risk of a US-EU tariff war triggered by Trump over Greenland issues, he noted that even if the tariff threats are lifted, the rally in gold has not retreated. Weston added that central banks worldwide, especially those in emerging markets, are almost daily looking for reasons to shift reserves from the US dollar to gold. He believes that the prices of spot gold and gold futures will "sooner or later" reach $5,000 per ounce, with the target now within sight, attracting buyers.