Analysts say gold may become a hedge against Trump's policies

Pepperstone research director Chris Weston said that gold is gradually becoming a tool to hedge against Trump's policy uncertainty. Although some traders see gold as a means to deal with the risk of a US European tariff war that Trump may trigger over the Greenland issue, the rise in gold prices has not yet fallen after the tariff threat was lifted. He pointed out that global central banks, especially those in emerging market countries, frequently seek reasons to shift their reserves from the US dollar to gold, and predict that spot gold and gold futures prices may reach $5000 per ounce, attracting buyers' attention.