How to understand the surge in gold? It's not just because of the depreciation of the dollar
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Bloomberg's Nour Al Ali pointed out that the rise in gold prices is not only due to the depreciation of the US dollar, as the price of gold priced in Swiss francs has increased by 25% this year, while the Swiss franc has appreciated by over 12% against the US dollar. The increases in platinum and silver are even larger, rising by 37% and 32%, respectively. This indicates that structural demand from central banks is a key driving factor, and if the US dollar continues to weaken or geopolitical risks rise, gold prices could reach levels of $4,000 per ounce
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