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Jin10 data compilation: The discourse on the decline of the US dollar is becoming increasingly intense. Is gold the "top choice" for safe-haven assets?
Market review1. The U.S. dollar index has fallen nearly 8% so far this year. Since Trump's tariff announcement, the U.S. index has fluctuated downward, falling below the 100 mark during today's Asian session, hitting its lowest level since September last year. 2. Gold market - gold has risen more than $600 so far this year, an increase of more than 20%. Since Trump's announcement of tariffs, gold has experienced a slight pullback but the rally is unstoppable, and today's Asian session refreshed its all-time high to $3,227 per ounce. The market generally "owns gold and loses dollars"1. TD Securities: The current gold market is characterized by different buyers entering the market, regardless of whether the dollar is strong or weak. 2. Citibank: Raised the three-month price target for gold to $3,000 as the trade war strengthens reserve diversification and de-dollarization trends. 3. Bank of America: The gold bull market is expected to continue as countries move forward with de-dollarization, especially as the United States takes aggressive measures to reduce budget and trade deficits. 4. Scotiabank: The US dollar is losing its "safe-haven currency" status, while alternative assets such as gold and traditional safe-haven currencies such as the Japanese yen and Swiss franc are providing better protection. 5. Deutsche Bank: The dollar's failure to strengthen suggests that its safe-haven status may be threatened, including the recent breach of the 4% threshold in the US current account deficit. 6. Allegiance Gold: Gold's long-term strength remains undeniable as central banks around the world accelerate de-dollarization by strengthening gold reserves. 7. Global X: Central banks are showing confidence in gold's long-term value, and markets will continue to favor safe-haven assets such as gold amid geopolitical tensions. 8. SP Angel: A weaker US dollar and lower US Treasury yields have provided strong support to gold prices, which, combined with high geopolitical tensions, has further boosted safe-haven demand for gold.