Viewpoint: The continuous rise in gold prices reflects the weakening of the credit of the US dollar

律动BlockBeats|Mar 19, 2025 06:20
BlockBeats News: On March 19th, due to the renewed tightening of the Middle East situation and the uncertainty brought to the global economy by US President Trump's tariff policies, investors continued to buy gold as a safe haven, and international gold prices reached a new closing record high. Professor Wan Zhe from Beijing Normal University said that the continuous rise in gold prices reflects the weakening of the credit of the US dollar. The US dollar index has shown a strong trend in the past two to three years, but has shown a slight decline since mid January this year. US Treasury Secretary Besson has reiterated multiple times recently that Trump "fully supports a strong dollar policy" and hopes that the dollar will continue to remain strong. (Golden Ten)
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