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Arindam Sandilya

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dollar's safe-haven status questioned as gold reaches record highs

JPMorgan Chase and Deutsche Bank are raising concerns about the US dollar's status as a safe-haven asset, with a recent survey revealing that 40% of foreign exchange strategists see signs of its erosion. Central banks are increasingly favoring gold, which recently reached an all-time high of $3,167, as they reduce USD holdings. Analysts predict that this trend may continue, with Bank of America and Citi forecasting gold could rise to $3,500 amid a weakening US economy.
dailyhodl.com
United States Dollar JPMorgan Chase & Co. Deutsche Bank Money Market PP USA George Saravelos Arindam Sandilya
Finance & Economy, Market Report
15:00 05.04.2025
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