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What does Trump's "Gold value reassessment" mean? Bank of America: QE without the name QE?
Mark Cabana, a former New York Fed employee from Bank of America, pointed out that the revaluation of Gold affects the Federal Reserve's balance sheet in a manner similar to Algo, allowing the Fed to transfer nearly $700 billion to the Treasury without the need for open market purchases.
Gold prices continue to challenge 3,000 USD! Pay attention to the Federal Reserve meeting minutes and Trump's tariffs this week.
① Gold prices fell by 1.6% last Friday, due to the delay in the Trump administration's tariff proposals and profit-taking in the market; ② On Monday, gold prices rose again as market concerns over Trump's tariff threats and Global trade tensions drove funds into Gold for safe-haven investments; ③ Analysts expect that the Federal Reserve's January meeting minutes and interest rate cut expectations will impact Gold prices, potentially leading to further increases.
Gold Price Retakes $2,900 Mark Amid Broadly Weaker USD
Hong Kong stocks are fluctuating | Golden Industrial Concept stocks generally declined, LINGBAO GOLD (03330) once dropped over 9%, while gold prices encountered a heavy decline last Friday.
Golden Industrial Concept generally declined. As of the time of publication, LINGBAO GOLD (03330) fell by 7.22%, priced at HKD 5.14; CHI SILVER GP (00815) dropped by 4.84%, priced at HKD 0.295; SD GOLD (01787) decreased by 4.63%, priced at HKD 15.24.
The expectations for tariffs continue to ferment, causing significant fluctuations in Copper within a week.
Recently, the main factors driving the prices of gold and copper are expectations regarding tariffs. In addition to the anticipated 25% tariffs on Canada and Mexico, many Institutions predict that the Trump administration may impose a 10% tax on imported refined copper. Gold and copper prices on COMEX continue to strengthen, especially the premium of copper prices compared to other market prices has rapidly widened, reaching a historic high. On Friday, copper prices fell sharply; on one hand, USA retail data showed significant weakness, and on the other hand, there may be new news about tariffs, causing price spreads to narrow significantly as prices fell, with gold prices also following suit in the correction.
How Trump's Tariffs Could Impact the Price of Gold
