[Analyst: 'Devaluation Trade' Sentiment in Precious Metals Has Not Spread to Larger Markets Like the Bond Market] Odaily Planet Daily News – Julius Baer research analyst Carsten Menke stated that the rise in precious metal prices is far more complex than just the actual devaluation of the U.S. dollar. He pointed out that it more so reflects market concerns over Trump's domestic and international political maneuvers, essentially revolving around the potential devaluation risk of the dollar rather than its current weakness. While the 'devaluation trade' seems to be thriving again in the precious metals market, there are almost no signs of this sentiment in other larger markets, especially the bond market. The amount of capital required to drive significant volatility in gold and silver is relatively limited, making their prices more susceptible to amplification by sentiment and short-term capital flows. The institution maintains a bullish stance on gold but holds a neutral view on silver. (Jin10)