Gold Soars as US Dollar Plummets Amidst Intensifying Trade War
Gold has surged to record highs, a stark reflection of the escalating US-China trade war and the concurrent weakening of the US dollar. This isn’t simply a market fluctuation; it points to a deeper erosion of confidence in the global financial system. People are increasingly seeking refuge in assets perceived as stable and appreciating in value, like gold, signifying a lack of faith in existing financial institutions and their ability to manage the economy. This distrust is fueled by fears of runaway inflation, or perhaps both a lack of faith and impending inflation.
The movement of global capital away from US Treasuries and towards gold is a significant indicator of this shifting sentiment.… Continue reading
Matt Underwood