Gate News reports that on March 25, Singaporean OCBC strategist Christopher Wong stated that as market expectations of a easing in Middle East conflicts and a weakening of the US dollar’s strength grow, the demand for gold as a safe haven is beginning to re-emerge. He pointed out that this further proves gold has not lost its appeal as a safe-haven asset, which had previously been pushed out of the market by the dollar, but now this pressure is easing. Christopher Wong believes that in the short term, gold prices may continue to be influenced by expectations of Federal Reserve policy paths, the US dollar trend, and geopolitical developments. However, this rebound indicates that price declines could still find support unless real yields rise significantly.
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