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.
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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.