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

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Goldmoney reports that on March 25th, Singapore Oversea-Chinese Banking Corporation strategist Christopher Wong stated that as expectations of a easing in 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 US dollar, but now this pressure is 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 may still find support unless real yields rise significantly. (Jin10)

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