Odaily Planet Daily News: Julius Baer research analyst Carsten Menke stated that the rise in precious metals prices is far more than just the actual depreciation of the dollar. He pointed out that this more reflects market concerns over Trump’s domestic and international political struggles, fundamentally centered around the potential devaluation risk of the dollar rather than the current weakness. Although “devaluation trades” seem to be resurging in the precious metals market, such sentiment is hardly evident in other larger markets (especially the bond market). The amount of capital needed to drive sharp fluctuations in gold and silver is actually relatively limited, making prices easily amplified by sentiment and short-term capital flows. The institution maintains a bullish outlook on gold but holds a neutral view on silver. (Jin10)
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