Oversea-Chinese Banking Corporation: Dollar strength weakens, gold safe-haven demand begins to re-emerge

ChainCatcher News reports that, according to Jinjishi Data, Singapore OCBC Bank strategist Christopher Wang stated that as expectations for a easing of Middle East conflicts and a weakening of the US dollar’s strength grow, safe-haven demand for gold is beginning to re-emerge. This further proves that gold has not lost its appeal as a safe-haven asset. It was once pushed out of the market by the dollar, but this pressure is now easing.

In the short term, gold prices may continue to be influenced by expectations of the Federal Reserve’s policy path, the US dollar trend, and geopolitical developments. However, this rebound indicates that price declines could still find support unless real yields rise significantly.

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