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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Analyst: Investors may withdraw from government bonds, leading to higher gold prices.
Gold edged higher in early Asian trading on May 22 as investors may shift from Treasury bonds to precious metals. Fawad Razaqzada, a market analyst at City Index and FOREX.com, said that global bond markets are swinging and traditional safe-haven assets such as gold are regaining their place. Concerns about the U.S. fiscal outlook are also growing. All else being equal, this should mean that there will be a higher demand for safe-haven assets.