Point of view: The rise in gold prices reflects the weakening of the dollar's credibility.

On March 19, due to the tightening situation in the Middle East and the uncertainty brought to the global economy by U.S. President Trump's tariff policy, investors continued to buy gold for hedging, and international gold prices reached a new closing historical high. Wan Zhe, a professor at Beijing Normal University, stated that the rising gold prices reflect a weakening of the dollar's credibility. Over the past two to three years, the dollar index experienced a strong uptrend, but there has been a slight decline since mid-January this year. U.S. Treasury Secretary Mnuchin has repeatedly emphasized that Trump "fully supports a strong dollar policy" and hopes the dollar will continue to remain strong. ( Jinshi )