2026-04-11 04:09:48
Bank of America research report: The global economy’s dependence on oil has fallen to one-third of what it was in the 1970s. Huatai Securities says gold’s safe-haven appeal has stopped working
A U.S. bank research report said that since the 1970s, the global economy’s reliance on oil has declined, and the oil required now is only one-third of that at the time, with economic resilience strengthening. In addition, Haitong Securities’ analysis found that gold did not exhibit safe-haven characteristics; after experiencing a pullback due to geopolitical shocks, it rebounded.