Where did the global capital fleeing the United States go? The "most bullish" gold joins hands with the "most fierce" euro...

This intensifies the demand for other security assets.Valerie Noel, the trading chief at Swiss private bank Bank Syz, had previously stated before the suspension of Trump's tariffs, "I believe some countries are closely watching the (US tariff policy) and may accelerate diversification of their investments from US assets." Looking at the reserve situation of various central banks recently, increasing gold reserves has been a major trend for central banks to achieve diversification of asset allocation goals. Trump's misguided tariff policy and recent turbulence in the US bond market may further accelerate the speed of this asset allocation shift. Data updated earlier this week by the People's Bank of China shows that as of the end of March 2025, the country's central bank's gold reserves were 73.7 million ounces, an increase of 90,000 ounces from the previous month. This is the fifth consecutive month that the Chinese central bank has been increasing its gold reserves since November last year. Renowned economist Peter Schiff has once again expressed support for the future of gold on Thursday. He pointed out that the deteriorating US economic situation and the prospect of stagflation have created an attractive environment for gold investment. Given the strong gold prices and declining oil prices, gold mining companies may also benefit from this. This article is from "Caishishe"; GMTEight Editor: Li Fo.