OCBC: Dollar Weakness Revives Gold's Safe-Haven Appeal
On March 25, OCBC strategist Christopher Wong stated that gold's safe-haven demand is re-emerging due to expectations of easing Middle East tensions and a weakening US dollar. This further proves that gold has not lost its appeal as a safe-haven asset. It was once crowded out by the dollar, but this pressure is now easing. In the short term, gold prices may continue to be influenced by expectations of the Federal Reserve's policy path, dollar movements, and changes in geopolitical situations. However, this rebound indicates that price declines may still find support unless real yields rise significantly. (JIN10)
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