Point of View: The Rising Gold Price Reflects Weakening US Dollar Credit

BlockBeats News, March 19th, due to the renewed tension in the Middle East and the uncertainty brought to the global economy by U.S. President Trump's tariff policies, investors continued to buy gold as a safe haven, causing the international gold price to hit a new record high at the close. Wan Zhe, a professor at Beijing Normal University, stated that the rising gold price reflects the weakening of the U.S. dollar's credit. In the past two to three years, the U.S. dollar index has experienced a strong rally, but has shown a slight decline since mid-January this year. U.S. Treasury Secretary Mnuchin has reiterated multiple times recently that Trump "fully supports a strong dollar policy" and hopes the dollar will continue to remain strong. (Jin10)