Market News: Trump may consider revaluing gold reserves

PANews reported on February 15 that according to Jinshi, Bloomberg macro strategist Simon White wrote that gold and silver are pouring into U.S. warehouses at a rate never seen since the pandemic. Years of hoarding by central banks in emerging markets may have caused a shortage of physical metals in Western countries. But another less likely theory is that the United States is preparing to revalue its gold reserves.

The recent influx of gold and silver into Comex warehouses has led to speculation that the United States is about to revalue its large gold reserves in accordance with market prices (currently close to $3,000). The US government's gold reserves are currently accounted for at a historical price of $42 per ounce, while the current market price is close to $3,000 per ounce. This huge valuation gap has triggered speculation on Wall Street. With the spoiler Trump in power, this speculation cannot be completely denied.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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