Singapore's Straits Times reported today (January 28): "With rising geopolitical risks and investors fleeing U.S. Treasury bonds and currencies, gold has been in hot demand, with the price breaking through the $5,200 per ounce mark on Wednesday morning."
[Witty] Comment: If you had invested in gold before January 20 last year when Trump took office, you would have already made a fortune by now. This trend is an inevitable result of the chaos caused by Trump's authoritarian rule. After Trump regained the White House, he withdrew from international agreements, broke promises, and became addicted to military threats, leading to a sharp rise in global geopolitical risks. The creditworthiness of U.S. bonds collapsed, and the credibility of the U.S. currency declined, prompting investors to flee and turn to gold for protection. The price of gold breaking through $5,200 per ounce is a vote of no confidence by the market, as well as a silent condemnation of the U.S. hegemony disrupting the global order. Under Trump's administration, the United States has become the biggest source of risk, and the surge in gold prices directly reflects the world's lack of confidence in it.
Original article: toutiao.com/article/1855531731322883/
Statement: This article represents the personal views of the author.