Market news: Trump may consider re-evaluating gold reserves

ChainCatcher news, according to Jinshi reports, Bloomberg macro strategist Simon White wrote that gold and silver are flowing into U.S. warehouses at an unprecedented rate since the pandemic. The accumulation by emerging market central banks over the years may have led to a shortage of physical metals in Western countries. However, a less likely theory is that the U.S. is preparing to revalue the worth of its gold reserves.

Recently, a large amount of gold and silver has surged into the warehouses of the New York Mercantile Exchange (Comex), leading to speculation that the U.S. is about to revalue its substantial gold inventory at market prices (currently close to $3000).

The U.S. government's gold reserves are currently accounted for at a historical price of $42 per ounce, while the current market price is approaching $3000 per ounce. This significant valuation gap has sparked speculation above Wall Street. Under the disruptive presidency of Trump, this speculation cannot be completely dismissed.