Gold continues to refresh historical highs!!!
In the short term, gold currently faces three major variables:
1. The Fed's 'surrender-style interest rate cuts': If cuts begin in June, the dollar will accelerate its losses, and gold prices will soar above $3,300;
2. China's pace of increasing reserves: For every 1% increase in gold reserve ratio, it will need to absorb 20% of global annual production, which will be an epic short squeeze;
3. Middle East black swan: Repeated conflicts after Israel's withdrawal may trigger a new wave of risk aversion.
But the long-term trend is irreversible. When the U.S. shatters the global supply chain with tariff sticks and harvests allies with financial hegemony, the surge in gold is no longer market volatility, but a timer for the reconstruction of international order. In this ultimate game of monetary power, gold is not only a safe haven but also the first shovel of earth burying the dollar's hegemony.