Market News: Trump may consider revaluing gold reserves

PANews reported on February 15 that according to Kingshin, Bloomberg macro strategist Simon White wrote an article saying that gold and silver are pouring into U.S. warehouses at a rate that has never been seen since the epidemic. The hoarding of emerging market central banks over the years may have caused a shortage of physical metals in Western countries. But another theory with less likely potential is that the United States is preparing to revalue its gold reserves.

Recently, a large amount of gold and silver poured into the New York Commodity Exchange warehouse, which led to speculation that the United States is about to revaluate its large amount of gold inventory at market prices (currently close to $3,000). The US government's gold reserves are currently recorded at a historical price of $42 per ounce, while the current market price is close to $3,000 per ounce. This huge valuation gap has triggered speculation above Wall Street. With the disruptor Trump in power, this speculation cannot be completely denied.