New Bond King: How can the US stock market not fall? Gold prices will reach 4000 dollars.
Jeffrey Gundlach stated that the rising unemployment rate and the inverted yield curve both indicate that the USA economy is heading into a recession, predicting that the S&P 500 Index may fall to around 4600 points. Investors are in a mid-term risk-averse market, and due to concerns over geopolitical turmoil, tariffs, and existing massive debt, Gold could rise to 4000 dollars.
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In April, the foreign exchange reserves increased, Gold reserves have been increased for six consecutive months. How to decide on Gold investment with a 5% fluctuation?
① As of the end of April, China's Forex reserves were approximately 3281.7 billion USD, an increase of 41 billion USD from the end of March. In April, the "reciprocal tariffs" introduced by Trump caused the dollar to drop significantly by about 4.4%, resulting in an increase in the price of non-dollar assets in our foreign reserves. ② The central bank continued to increase its Gold shareholding in April, and as of the end of April, Gold reserves amounted to 73.77 million ounces.
