Viewpoint: The rise in gold prices reflects the weakening of the dollar's credibility

ChainCatcher news, according to Jinshi reports, on the 18th local time, due to the escalating situation in the Middle East and the uncertainty brought by President Trump's tariff policy to the global economy, investors continue to buy gold as a safe haven, and international gold prices have reached a new historical closing high. Professor Wan Zhe from Beijing Normal University stated that the rising gold prices reflect the weakening of the dollar's credibility.

According to reports, the dollar index has experienced a strong phase over the past two to three years, but there has been a slight decline since mid-January this year. U.S. Treasury Secretary Mnuchin has repeatedly emphasized that Trump "fully supports a strong dollar policy" and hopes that the dollar will continue to remain strong.