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TSO / High confidence

Gold is not falling, but currency is moving: an investor's strategic perspective

The recent decline in gold is not a collapse in value but a result of a stronger US dollar. The shift in US policy from a weak dollar to stable currency, combined with the pressure of treasury supply pushing up yields, has weighed on gold prices in the short term. However, in the long run, structural currency depreciation and geopolitical risks continue to support gold as a safe-haven asset. Investors should pay attention to the trend of fragmentation in the global monetary system.

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TSO / High confidence

Exclusive: Bank of Japan likely to maintain inflation warning but sees no significant increase in risks

According to informed sources, the Bank of Japan will maintain its warning about the risk of inflation overshooting at next week's policy meeting, but believes the risk has not significantly increased. The central bank will focus on the extent to which companies pass on costs, and interest rates are expected to remain unchanged.

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