Analyst: Gold is attractive in any scenario

Jinshi data, November 19 news, due to the weakening of the US dollar and the decline in US Treasury yields, the price of gold futures pumped. Previously, Trump's victory in the US presidential election prompted a surge in the dollar, suppressing demand for gold, and now this precious metal has regained some lost ground. Pepperstone analyst Ahmed Asiri said that geopolitical risks have re-emerged, driving demand for safe-haven gold and consolidating its position as a reliable Hedging tool. Asiri wrote in a report that there are different views on the future trend of this precious metal in the market. He wrote that if the Fed tightens US monetary policy, the price of gold may fall to a lower level; conversely, if various Central Banks maintain strong purchasing power before 2025, the price of gold may reach new highs. He also added that in any case, the continued monetary policy and the overall economic outlook continue to enhance the attractiveness of gold as a Hedging tool to deal with Fluctuation.