The surge in gold prices is driven by war and currency trust crisis

I think the reason why gold currently ignores all bullish and bearish data is not only due to geopolitical tensions but also largely due to a crisis of distrust in the currencies of various countries.

First, the American Empire—whether it's Trump or Harris in power—will most likely continue to expand deficits and solve problems by simply issuing more debt and printing money, exacerbating market concerns about U.S. Treasuries and distrust in the dollar.

Second, recent policies from the East (China) suggest they are preparing for massive monetary easing (in fact, local debt in China is also substantial).

Persistently weak economic data in Europe also hints that another round of money printing and easing may be on the way.

Gold seems to have become the best choice for market investment, speculation, and hedging right now.

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