Analyst: Traders Shouldn't Worry About the Dollar, But Be Cautious of Gold Risk
BlockBeats News, January 29th, Market analyst Jeremy Boulton stated that traders should not over worry about the US dollar, as it has shown significant resilience; what they should really be cautious about is gold, whose price has surged in an extremely volatile manner, greatly increasing the risk of a market reversal, especially for an asset that some investors see as safer than the global reserve currency.
The price of gold has risen by over 27% just this month. Despite almost everyone discussing this rally, very few actual traders have bought gold. The current long position size is even smaller than at the beginning of 2025, when Trump returned to office and ignited a trade war. This indicates that the nature of this round of buying is different. The current gold price rally is extremely distorted. Any extreme trend should be approached with caution. (Jin10)
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