The pump of the US dollar may suppress the demand for Central Banks of various countries to buy gold on a large scale, which is a factor supporting the pump of gold prices. Central Banks of various countries have purchased 694 tons of gold this year, which helps diversify assets and reduce dependence on the US dollar. Trump's policies may weaken emerging market currencies, leading many Central Banks to use US dollar reserves to protect their own forex.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)